1035 Tax-Free Exchange – Convert Your Old Annuity Contract Into a Combination Annuity and Long Term Care Contract

Click to Enlarge

Click Here for Your Long Term Care Insurance Quotes


The Pension Protection Act of 2006 added additional flexibility to Internal Revenue Code 1035.  Applying these concepts allows annuity contract owners and life insurance policy owners to purchase a new product by using the money inside of their old products.  The process is oftentimes described as a “1035 exchange”.  More importantly, 1035 exchanges are tax-free and the benefits of the new policy are tax-free.