Article Date:
August 2007

Word Count:



Receipt of Check Destroys Tax-Deferred Exchange

You generally think of tax-deferred exchanges in terms of investment real estate. Similar rules exist with respect to insurance contracts.


Section 1035(a) states that no gain or loss shall be recognized on the exchange of the following:



Life insurance for life insurance


Life insurance for an endowment insurance contract


Life insurance for an annuity contract


Endowment insurance for endowment insurance


Endowment insurance for an annuity contract


An annuity for an annuity

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