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Questions and Answers
What is MPI?
What is MPI?
- A type of retirement plan
- A type of savings account
- A type of investment in the stock market
- A type of life insurance policy (correct)
What is one of the unique features of MPI policies?
What is one of the unique features of MPI policies?
- The ability to invest in any underlying investment of your choice
- The ability to avoid fees associated with traditional life insurance policies
- The ability to withdraw your cash value at any time without penalty
- The ability to borrow against your cash value (correct)
What are some of the cons of MPI investments?
What are some of the cons of MPI investments?
- No potential for market losses
- Potential for market losses and surrender charges if you withdraw your cash value early (correct)
- Simple to understand
- Low fees
