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A 1035 Exchange is a tax-deferred transfer of an annuity contract from one insurance company to another. What exactly does this mean? Why would you want to do such a thing? Is there a catch? What is the process? And what are the advantages and disadvantages of doing a 1035 Exchange? We answer all these questions and more in this video. If you’re considering doing a 1035 Exchange, here’s a step-by-step guide that you’ll find helpful.