Co-Founder, TermInsuranceBrokers.com, Goldenzweig Financial Group, Las Vegas, Nevada
Rolling over a life insurance policy (also known as a 1035 exchange) refers to taking the cash value in one permanent policy and contributing it (rolling it over) to a new policy as part of the first year premium payment in a new policy. The purpose of this is to lower your monthly premium.
I hope the information is helpful - please feel free to contact me if you have any questions. Thanks very much.
I hope the information is helpful - please feel free to contact me if you have any questions. Thanks very much.