What Is A 1035 Exchange Life Insurance? 
That is a great question ! A 1035 exchange is an IRS process that allows you to swap valuable cash value and interest gains from one life insurance policy or annuity to another , with out having to pay taxes on that money . It has to be done within a window of time , or that money creates a taxable event , and Income taxes are applied . If you are considering one , please talk to a tax attorney , or a senior agent first . Thanks for asking ! 