Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Vikki Velasquez is a researcher and writer who has managed, coordinated, and directed ...

If you want to update a cash-value life insurance policy or annuity, you may have heard of the 1035 exchange. This IRS provision, based on Section 1035(a)(3) of the IRS code, allows you to exchange ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Thomas J Catalano is a CFP and Registered Investment Adviser with the state of South ...

If an exchange involves life insurance policies, the policies must be on the life of the same insured. Otherwise, the exchange does not qualify as a tax-free exchange under IRC Section 1035(a). 3 ...

A reciprocal insurance exchange empowers policyholders to take charge of their coverage. Much like mutual insurance companies, reciprocals are owned by the people they protect — the policyholders. But ...

We break down the tax implications, advantages and downsides of using your cash value to supplement your retirement savings ...

Life insurance functions as a critical component of the financial services sector by facilitating the transfer of risk from individuals to institutional insurers. Through the payment of premiums, ...

A 1035 exchange lets you make a tax-free switch from one cash value life insurance policy into another or to an annuity. This tax-free policy exchange is helpful if your needs change or you find a ...