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1035 ExchangeOffering 1035 exchange information for annuities. Learn how to 1035 exchange your existing annuity for a better interest rate. Are you interested in upgrading your annuity to one with better features and higher interest rates? In most cases, the IRS allows what is known as a 1035 exchange between insurance companies. A 1035 exchange lets you switch companies while continuing to defer taxes, ensuring your annuity stays up-to-date with the latest advantages and benefits available to you. The 1035 exchange is one of the few parts of the tax code that actually works in your favor. Generally, the surrender of an existing insurance contract is a taxable event since the contract owner must recognize any gain on the "old" contract as current income. However, under IRC Section 1035, when annuities contracts are 1035 exchanged for another, the transfer is considered nontaxable, provided certain requirements are met. AnnuityAdvantage.com offers a free 1035
Exchange Service to all annuity owners, whether or not they are current customers. With this service, an
Annuity Advantage specialist examines your current annuity to let you know how it compares to newer products on the market. There is never any obligation to take advantage of this free service. The choice to
1035 exchange your annuity is always yours.
¹ First year yield/rate reflects fixed rate plus premium bonus or interest rate enhancement. Interest is based on current rates and subject to change without notice.Send email to
webmaster@annuityadvantage.com with
questions or comments about this web site.
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Annuity Guide
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