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

In a real estate exchange, an intermediary generally is involved, so you personally ... Log in to view full article.