Can I Rollover Life Insurance?

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   David RacichPRO

   Fountain Hills, Arizona

   Assuming that by “rollover” you mean exchange your existing cash value life insurance policy for a new one, here’s the answer. Under the 1035 exchange rules you can transfer from one life insurance company to another without taxation on the gain or use the proceeds to carry forward basis. A limited inventory of life insurance companies accept 1035 exchanges with policy loans.  
    

   Answered on July 2, 2013

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