SURRENDER CHARGESWhen discussing an MPI® Cash Value Life Insurance plan, I frequently focus on its liquidity or lack of restrictions to access your money. Unlike a 401(k) or IRA, MPI® doesn’t have an early withdraw penalty before age 59 ½, nor other limitations / requirements of those traditional plans. However, there is one caveat and that is the “Surrender Charge” or the penalty to cancel the your MPI® plan within the first 14 years.An MPI® contract is a life-long contract between you...