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	<title>New answer on: What Is A 1035 Exchange Life Insurance?</title>

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		<title>By: Peggy Mace</title>

		<link>http://insurancelibrary.com/life-insurance/what-is-a-1035-exchange-life-insurance</link>

		<dc:creator>Peggy Mace</dc:creator>

		<pubDate>Mon, 17 Nov 2014 15:17:29 +0000</pubDate>

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		<description><![CDATA[A 1035 exchange life insurance is a way of replacing your cash value life insurance policy without having to pay taxes on the cash value, per the advice given above. You can exchange your life insurance for another life insurance policy or for an annuity. The owner and insured must be the same on the old and new policy, and the exchange must take place directly between the insurance companies.]]></description>

		

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		<title>By: Jim Winkler</title>

		<link>http://insurancelibrary.com/life-insurance/what-is-a-1035-exchange-life-insurance</link>

		<dc:creator>Jim Winkler</dc:creator>

		<pubDate>Fri, 30 May 2014 21:55:06 +0000</pubDate>

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		<description><![CDATA[That is a great question! A 1035 exchange is an IRS process that allows you to swap valuable cash value and interest gains from one life insurance policy or annuity to another, with out having to pay taxes on that money. It has to be done within a window of time, or that money creates a taxable event, and Income taxes are applied. If you are considering one, please talk to a tax attorney, or a senior agent first. Thanks for asking!]]></description>

		

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		<title>By: David Pipes</title>

		<link>http://insurancelibrary.com/life-insurance/what-is-a-1035-exchange-life-insurance</link>

		<dc:creator>David Pipes</dc:creator>

		<pubDate>Fri, 30 May 2014 18:46:40 +0000</pubDate>

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		<description><![CDATA[A 1035 exchange allows you to transfer the cash value from one policy to another without any tax consequence.  The new policy assumes the “basis” of the old.  That means that for computing income tax should the policy be surrendered the basis would be the sum of premiums paid to the old policy and the new.  Check with your CPA. ]]></description>

		

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		<title>By: David Racich</title>

		<link>http://insurancelibrary.com/life-insurance/what-is-a-1035-exchange-life-insurance</link>

		<dc:creator>David Racich</dc:creator>

		<pubDate>Tue, 04 Jun 2013 15:53:55 +0000</pubDate>

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		<description><![CDATA[A 1035 exchange is an IRS code that allows the tax free transfer from one life insurance policy to another. Some life insurance companies may also use the 1035 exchange rules to transfer basis or premium as basis. Generally a 1035 exchange inherently includes a replacement notice as well to the existing life insurance company from the replacing life insurance company. 

]]></description>

		

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		<title>By: Edward Harris</title>

		<link>http://insurancelibrary.com/life-insurance/what-is-a-1035-exchange-life-insurance</link>

		<dc:creator>Edward Harris</dc:creator>

		<pubDate>Tue, 04 Jun 2013 15:31:03 +0000</pubDate>

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		<description><![CDATA[A 1035 Exchange in Life insurance is where you terminate or &quot;exchange&quot; one plan for another. There are specific restrictions and only certain policies will qualify.

But the most important aspect is that you recognize no taxes in the transaction...at least at this time. Sometimes an annuity can also be involved in the transaction.

A full-time broker or financial planner is your best resource.]]></description>

		

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