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- What Is a 1035 Exchange? - Investopedia
A 1035 exchange is a tax-free exchange of an existing annuity contract, life insurance policy, or endowment for another of like kind
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- 1035 Exchange | Definition, Qualifications, and What to Consider
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 consequences
- How Does a 1035 Exchange Work? - SmartAsset
A 1035 exchange, also known as a like-kind exchange, is a legal way to swap one insurance policy, annuity, endowment or long-term care product of like kind without triggering tax on any investment gains associated with the original contract The IRS allows these exchanges under Section 1035 of the Internal Revenue Code
- 1035 Annuity Exchange: A Tax-Free Way to Change Annuities
A 1035 annuity exchange, governed by Section 1035 of the Internal Revenue Code, provides investors with the opportunity to swap their current life insurance policy or annuity contract for a more suitable annuity contract
- 1035 Exchange: What It Is How It Works - Thrivent
Instead of surrendering an old contract and starting again with a new one, you may want to consider a transfer called a 1035 exchange—a contract-to-contract transaction that comes with tax advantages
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