Can You Do A 1035 Exchange From An Annuity To Life Insurance?

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    Peggy Mace
    Most of the U.S.
    No, you cannot do a 1035 exchange from an annuity to life insurance. That would be considered a replacement, with tax consequences. Doing the reverse as a 1035 exchange is OK; you can 1035 exchange a life insurance policy to an annuity issued by a life insurance company, with certain conditions.
    Answered on March 13, 2014
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