Tax Preparation

Wealth Services > 1035 Exchanges

1035 Exchanges

What are 1035 Exchanges?

A Section 1035 Exchange is an IRS provision allowing a tax-free transfer of an existing annuity contract, life insurance policy, long-term care product, or endowment for another such instrument of similar nature.

What are the advantages of 1035 Exchanges?

1035 exchanges are tax free transactions, allowing the contract or policy owner to exchange to another product that could have lower expenses or more attractive features.

Who qualifies & why should you adopt?

Any policyholder that is interested in exploring alternatives or upgrading their existing product should explore a potential 1035 exchange.

This is not an offer to buy or sell any securities or perform a specific strategy. Please consult your financial advisor before exploring these opportunities. 

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