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1035 exchange

• Is a transaction that permits the exchange of a life insurance contract for another insurance contract or annuity. It can be with the same or different company. It is important to research the specifics because some of the product exchanges only work one way. For example, an annuity can not be exchanged for a life policy.

 
 

Follow this link for all the terms related to exchange.

 
 Embedded terms in definition
 Annuity
Contract
Exchange
Life insurance
The exchange
 
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