There were two important bulletins tucked away in yesterday’s What’s New at AXA. The first clarified AXA’s position on the use of Modified Endowment Contracts (MEC’s) in premium finance applications. The other addressed new review procedures for certain large short pay and single pay designs. Read on for the details! The most critical of these two bulletins announced new review procedures for short pay and single pay designs as described by AXA: AXA will now
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