Can You 1035 From Life Insurance To Annuity?

  1. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    Yes, you can do a 1035 exchange on the cash value of a permanent life insurance to an annuity. Some people choose to do this because of the higher gains of an annuity, or because they no longer need life insurance. But sometimes it is better to 1035 your life insurance to another life insurance policy. There is no going back, so be sure to review all the consequences with a trusted financial advisor before making this decision.
    Answered on September 17, 2013
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