Section 1035 Exchanges for Qualified Retirement Assets:Â Tax Rules, Opportunities, and Pitfalls
Section 1035 of the Internal Revenue Code provides a powerful tool for policyholders and annuity owners to exchange certain insurance and annuity contracts without triggering immediate tax consequences. While Section 1035 is most commonly associated with non-qualified (after-tax) annuities and life insurance, it also has important implications for qualified…