Get 1035 Exchange / Rollover / Transfer Form - Group Underwriters
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How to fill out the 1035 Exchange / Rollover / Transfer Form - Group Underwriters online
This guide provides a step-by-step approach to completing the 1035 Exchange / Rollover / Transfer Form - Group Underwriters online. Whether you are submitting a full or partial exchange, this comprehensive instruction will ensure that you understand each section and field of the form.
Follow the steps to fill out the form accurately.
- Click the ‘Get Form’ button to obtain the form and open it in your preferred editor.
- In Section 1, fill in the name of the surrendering company and the account or policy number. Make sure to include the street address and phone number of the surrendering company.
- Complete Section 2 with the owner’s personal details, including first name, middle name, last name, state, zip code, and Social Security number or Tax ID number.
- For Section 3, specify whether you wish to proceed with a full exchange or a partial exchange for non-qualified annuities. If it is a partial exchange, indicate the amount or percentage.
- In Section 4, indicate whether you wish to transfer funds from non-insurance accounts and specify the account type. Note if you are transferring the entire value or a partial value.
- Fill in Section 5 for direct rollovers of tax-qualified retirement accounts, selecting all applicable types and providing necessary details.
- In Section 6, provide any special instructions regarding the liquidation of your existing account or contract, including timing and conditions.
- Section 10 requires signatures from all relevant parties, including co-owners, if applicable, and potentially an employer or third-party administrator for TSA/403(b) transfers.
- Once all sections are completed, review the form for accuracy and completeness, then proceed to save changes, download, print, or share the filled-out form as needed.
Start filling out your 1035 Exchange / Rollover / Transfer Form online today!
NOTE: Term insurance contracts can be exchanged under Section 1035 as long as they have a terminal reserve at the end of the first year. Term contracts with a terminal reserve will generally have a level premium and a level death benefit for a period of more than one year.
Fill 1035 Exchange / Rollover / Transfer Form - Group Underwriters
This form can be used to accomplish a FULL or a PARTIAL Exchange of policies pursuant to Internal Revenue Code (IRC) Section. 1035. Use this form to request a Full or Partial Exchange of policies pursuant to Section 1035 of the Internal Revenue Code (IRC), a. I wish to liquidate and transfer the: Full Value. Purpose of this form: Use this form to request a full or partial exchange of policies, a transfer of funds, or a direct rollover in a variable annuity. Option 1 – Complete Exchange - I, the undersigned Owner(s) of the above referenced current policy (the. This form can be used to accomplish a FULL or a PARTIAL Exchange of policies pursuant to Internal Revenue Code (IRC) Section 1035.
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