non Qualified Annuity 1035 exchange of free surrender
I am told by the contra-insurance company that we cannot 1035 exchange the free surrender amount 10%.
This is not written in the contract. Is this legal? Is this a rule or is this a company specific policy?
Permalink Submitted by Al Fry on Sat, 2008-05-24 01:29
The company does not have to allow partial 1035s. This is optional, not mandatory.