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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
Semi Related Terms: 687 CLICK HERE TO VIEW