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 ...

A 1035 exchange is a legal way to exchange one insurance policy, annuity, endowment or long-term care product of like kind without triggering tax on any investment gains associated with the original ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Vikki Velasquez is a researcher and writer who has managed, coordinated, and directed ...

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 ...

If you’re holding an underperforming annuity contract, dealing with sky-high fees or just looking for an annuity that better suits your needs, a 1035 exchange could be your ticket to better terms ...

The process of using funds from an existing annuity to purchase another annuity is commonly referred to as an annuity exchange. If the funds being used are non-qualified (i.e. not held in something ...

With this clause you can exchange an annuity without paying income tax George Lambert has spent 30+ years in the financial industry; his roles include CFP, certified divorce financial analyst, and ...

Learn when and how to make a tax-free switch into a new life insurance policy or annuity if your needs change Written By Written by Insurance Staff Writer, WSJ | Buy Side Kimberly Lankford is an ...

A 1035 exchange lets you make a tax-free switch from one cash value life insurance policy into another or to an annuity. This tax-free policy exchange is helpful if your needs change or you find a ...