If you want to update a cash-value life insurance policy or annuity, you may have heard of the 1035 exchange. This IRS provision, based on Section 1035(a)(3) of the IRS code, allows you to exchange ...

If you’re holding an underperforming annuity contract, dealing with sky-high fees or just looking for an annuity that better suits your needs, a 1035 exchange could be your ticket to better terms ...

Q. I have money in a variable life insurance policy. I want to get out of the policy. It looks like I can move it via a 1035 exchange to an annuity, which would not be my long-term goal. I’ve been ...

The right life insurance coverage or annuity policy is key to achieving financial security, but the wrong policy can not only be expensive but also can leave some clients inadequately prepared.

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Vikki Velasquez is a researcher and writer who has managed, coordinated, and directed ...

With this clause you can exchange an annuity without paying income tax George Lambert has spent 30+ years in the financial industry; his roles include CFP, certified divorce financial analyst, and ...

Cashing in an annuity usually produces taxable income. Additionally, if you surrender your annuity before the contract term is up, often there’s a surrender charge. But you aren’t stuck for years if ...

With retirement nearing, Steve Parrish no longer needed the whole life policy he’d owned for 25 years. The St. Augustine, Fla.-based attorney and co-director of The American College of Financial ...

Are you trying to figure out whether or not it makes sense for your client to do a tax-free Section 1035 exchange out of his or her old variable annuity into a new one? The question is certainly valid ...

For those who purchased variable annuities between 2001 and 2015, today’s financial landscape presents a unique opportunity to revisit the terms of these contracts. The financial environment has ...