1035 Exchange Consumer Information Center
Do you currently have an annuity … your "Just in Case" retirement money?
Do you have a cash value life insurance policy you no longer really need?
Congress wants more Americans to plan for both retirement and the real risk of needing costly long-term care. The law now permits "1035 Exchanges" of annuities and certain life insurance policies. You may be able to benefit from some significant retirement planning and tax-reduction advantages.
The American Association for Long-Term Care Insurance created a consumer guide explaining ways to "repurpose" your annuity or life policy. We invite you to read the guide now.
The 24-Page Guide Explains
- What Congress & IRS approved.
- How 1035 exchanges work.
- Can they benefit you?
- How to get more tax-advantaged long-term care benefits from your current annuity.
- A way to get 50 months of tax-free long-term care benefit payments from a life insurance policy.
Fast Facts - E-Z to Read
Real Examples In Plain English