Can Life Insurance Be Transferred To Another Company?

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   David RacichPRO

   Fountain Hills, Arizona

   Life insurance can be exchanged tax free from one company to another via the 1035 section of the code that permits this type of transfer. Keep in mind that not all life insurance companies receive policies that have policy loans outstanding from other life insurance companies for exchange purposes.
    

   Answered on June 21, 2013

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