1035 exchange

A tax-sheltered Exchange of Cash value from one life Insurance policy to another. This allows an individual to avoid Capital gains or losses in the first Policy as Long as the second Policy is of greater or equal cost.

Related Terms: 16 Capital, Cash, Cap, Cash value, Exchange, Insurance, Insurance policy, Long, Life insurance, Low, Lows, OID, Policy, SEC, Tax, Void

Other Related Pages: Category: Taxes Starting With: 1

Additional Related Terms: 10-Q, 1035 exchange, 52-week low, Accelerated Cost Recovery System, Acquisition cost, Accreted value, Accrual of discount, After-tax basis, American Stock Exchange, Amortization of premium