Can You 1035 From Life Insurance To Annuity? 
Yes , you can do a 1035 exchange on the cash value of a permanent life insurance to an annuity . Some people choose to do this because of the higher gains of an annuity , or because they no longer need life insurance . But sometimes it is better to 1035 your life insurance to another life insurance policy . There is no going back , so be sure to review all the consequences with a trusted financial advisor before making this decision . 