Achieve Greater Returns with 1035 Exchange Annuity Experts

Considerations and Costs

While a 1035 exchange can be beneficial, it’s important to consider potential costs and limitations. Some annuities may have surrender charges if you exit the contract early, which could offset the benefits of the exchange. Additionally, new annuities might come with their own set of fees, such as administrative or mortality and expense risk charges. Therefore, it’s crucial to evaluate whether the long-term benefits outweigh these costs³.