If you've heard about how a Section 1035 exchange allows people to transfer money in a life insurance policy to new one without being liable for taxes, you might be wondering whether that provision could help you. Here are four times when you might benefit from a 1035 exchange.
Your Health Has Gotten Better
Did you buy your current policy when you were ill? Are you now feeling better? If so, your life insurance payment from month to month might be higher than it would be if you applied for a similar policy today.