SIE Exam Question 799: Answer and Explanation

Question: 799

____ An annuity exchanged for a life insurance policy.

  • A. 1035 exchange
  • B. Not a 1035 exchange
  • C.
  • D.

Correct Answer: B

Explanation:

An annuity exchanged for a life insurance policy is not a permitted 1035 exchange.

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