Can You 1035 An Annuity To Life Insurance? 
No , you can not 1035 an annuity to life insurance . You can do the reverse : 1035 exchange a life insurance policy to a savings or income annuity . But you are not able to 1035 to life insurance . Consult your insurance agent , financial planner , and/or tax attorney for specific information and options for your particular situation . 