New Business

1035 Exchanges

Download the Checklist for Processing 1035 Exchanges.

Although each carrier’s 1035 procedures differ, here are some guidelines when your case involves a 1035 Exchange.

Acceptable 1035 Exchanges

NO 1035 EXCHANGES FROM AN ANNUITY TO A LIFE INSURANCE POLICY.

Normal Procedure for 1035 Exchange

Important Notes to Understand

Client
It is important that the client fully understand the product they are purchasing when exchanging existing coverage.

Agent
Remember, this is a policy “replacement” and the carrier being replaced is in no hurry to get the paperwork processed. Your patience and cooperation during this process is greatly appreciated.