Tax Free Exchanges: Can I Move My Annuity Without Tax Liability?

If you use an IRS approved 1035 exchange you may exchange your contract for a new annuity contract within your current company or you can exchange your annuity contract for a new contract in a new company. If done properly, this exchange will not incur a tax liability, your deferred earned interest will remain deferred in the new contract.

By |2020-08-05T22:10:06+00:00June 15th, 2020|Annuities|

Use the 1035 Tax Free Exchange To Maximize Your Annuity Benefits

Section 1035 allows owners of annuities (and life insurance) the opportunity to exchange an older annuity contract for a newer contract that may offer features more in line with current needs. As an example, the older contract may be crediting a lower interest rate than a new annuity may offer.

By |2020-04-12T23:48:19+00:00February 18th, 2019|Annuities, Retirement Planning|

Life Insurance Benefits Optimization Opportunities

As we age, the need for a life insurance policy can change. Numerous opportunities may exist for you to make changes to your current life insurance policy to establish a different type of benefit.  •    Exchange: Exchange your life insurance policy for an annuity to develop an income stream. The life insurance cash value will [...]

By |2020-04-17T18:05:55+00:00August 14th, 2018|Insurance|