Learn when and how to make a tax-free switch into a new life insurance policy or annuity if your needs change ...

A 1035 exchange allows a tax-free exchange of a life insurance policy, annuity contract, long-term care product or endowment for another of a similar structure. This means that any gains or losses ...

What Is a 1035 Exchange? A 1035 exchange is a feature in the tax code that permits individuals to transfer funds from an existing life insurance, endowment, or annuity policy to a new one without tax ...

In 2008, the IRS released a revenue procedure concerning certain tax-free partial exchanges of annuity contracts (under Sections 1035 and 72(q)). The revenue procedure applies to the direct transfer ...

If you want to update a cash-value life insurance policy or annuity, you may have heard of the 1035 exchange. This IRS provision, based on Section 1035(a)(3) of the IRS code, allows you to exchange ...