Can You 1035 Life Insurance Into Annuity?

  1. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    Yes, you can 1035 life insurance cash value into an annuity. Because of the tax advantages of life insurance (that it goes to the beneficiary income tax free), transferring life insurance into an annuity is not done with regular frequency. But if you have a life insurance policy that you don't like, it is an option that may work well for you.
    Answered on October 8, 2013
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