Can You 1035 Life Insurance Into Annuity? 
Yes , you can 1035 life insurance cash value into an annuity . Because of the tax advantages of life insurance -LRB- that it goes to the beneficiary income tax free -RRB- , transferring life insurance into an annuity is not done with regular frequency . But if you have a life insurance policy that you do n't like , it is an option that may work well for you . 