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Hector wants to pay the maximum amount of money allowed into a Universal Life policy. However, he does not want to violate the IRS Tax
Hector wants to pay the maximum amount of money allowed into a Universal Life policy. However, he does not want to violate the IRS Tax Code Guidelines and turn the policy into a MEC. There are three payment options available to them without violating the tax laws. Which limit goes with which option?
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Guideline Level Pay Test
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Guideline Single Pay Test
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pay Test
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