A tax-free Section 1035 Exchange of a life insurance policy to a different policy is permitted if it occurs

A tax-free Section 1035 Exchange of a life insurance policy to a different policy is permitted if it occurs





  • in the same state as the original transaction
  • within a 12 month period
  • from insurer to insurer and no cash is received by the policyowner
  • from agent to agent as long as the agents are licensed in the same line



Answer: from insurer to insurer and no cash is received by the policyowner

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