fpPathfinder

Helping Diligent Advisors Ensure They're On The Right Planning Path

Already a Member? Login
Need Help?
Refer Friends
Guide Recommendation Tool
Go Back
Category:
Tax Planning, Insurance Planning
New

What Issues Should I Consider When Doing A Section 1035 Exchange?

Updated 05/01/2024

A Section 1035 exchange may be a viable option for clients, but following the complex rules can be a challenge. That’s where you step in.

This checklist serves as a roadmap for navigating the complexities of Section 1035 exchange with clarity, and will give you confidence in assessing whether it is suitable for your clients’ specific needs.

This checklist covers important factors a client needs to be aware of when considering a Section 1035 exchange, such as:

  • What types of policies/products can properly be exchanged.
  • How one’s cost basis may affect their decision and the expected outcome.
  • How withdrawals and/or policy loans may affect the exchange.
  • Considering any grandfathered features/benefits, as well as surrender schedules, before making a decision.
Related Guides
Important Numbers
Category: General, Tax Planning
Will I Receive A Step-Up In Basis For The Appreciated Property I Inherited?
Category: Tax Planning, Estate Planning
Will I Receive A Step-Up In Basis For This Gifted Property?
Category: Tax Planning, Estate Planning
Can I Do A Net Unrealized Appreciation (NUA) Distribution?
Category: Working / Accumulation Phase, Tax Planning, Assets and Investment Planning
Pay Stub Review
Category: Tax Planning
Do I Need To Start Making Estimated Federal Income Tax Payments?
Category: Tax Planning
What Will Have The Least Tax Impact: Harvesting Capital Gains Or Roth Conversions?
Category: Tax Planning, Assets and Investment Planning
What Issues Should I Consider Before And After The TCJA Sunset Provision Occurs?
Category: Tax Planning
Can I Make A 529-To-Roth IRA Transfer?
Category: General, Working / Accumulation Phase, Tax Planning

What Customers Are Saying About Us

Hundreds of other advisors are actively using fpPathfinder. Read what those lovely people have to say about us.
“What you guys have created is pretty badass! I’ve used your material for both client meetings and prospective clients.”
— An advisor in California
“I love it! I find it very helpful. It's a great client value add.”
— Phillip, an advisor in North Carolina
“I can’t tell you how much I appreciate the Flow Charts you are providing. Helps me feel a little less crazy as an advisor.”
— Tami C, an advisor in Colorado
“I love your resources, you guys & gals have helped us take our practice to the next level!”
— Trevor, an advisor in California
“I can't say how much I love the product. It is just great. I recommend it to all my colleagues.”
— Robert, an Advisor in Colorado
“I love the flowcharts and have found them very helpful in guiding clients on complicated planning issues. The charts are easy to follow and help navigate through difficult decisions based on clients' unique circumstances.”
— Jason, an advisor in Illinois
“My clients and COIs love these. I’ve shown the medicare IRMAA flowchart to a Medicare consultant I work with and she loved it”
— Steve, an advisor in Ohio
Become a Member

Recent Blog Posts

Sign Up to Receive Updates

Join our mailing list to be updated as we release new flowcharts and checklists that might be of interest.
  • This field is for validation purposes and should be left unchanged.
Close