Strategic Repositioning of Annuities 1035 Tax-Free Exchanges
As innovation continues and insurance product design evolves, someone who owns an older life insurance or annuity contract may want to trade it in for a newer one. There can be a variety of reasons for doing so, including that an older contract may no longer meet the current needs of the client. In such situations, a 1035 exchangemay be appropriate … but there are pros and cons to consider in the process.
Join us Thursday, November 18th, as Deborah Minor, Assistant Vice President of Advanced Markets for W&S Financial Group Distributors, helps us make sense of:
- Allowable 1035 tax-free exchanges
- The difference between partial NQ annuity exchanges, non-qualified stretch exchanges and long-term care exchanges
- Life insurance to annuity exchanges
- Important planning considerations for helping clients reach their retirement and legacy goals
Addressing one of the most common advanced markets topics annuity professionals seek clarification on, the information provided can help you make compliant
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