The qualified intermediary for a 1035 exchange for a life insurance policy is:
A)Attorney.
B)Insurance company.
C)Insurance agent.
D)Insured.

Question

Quizplus · Accepted Answer

An insurance company can act as the qualified intermediary for a 1035 exchange for a life insurance policy. This is because the insurance company is responsible for making sure that the exchange is handled properly and that all tax laws are followed. An attorney or insurance agent may be involved in the process, but they would not be the primary qualified intermediary. The insured is also not qualified to act as the intermediary.

The Qualified Intermediary for a 1035 Exchange for a Life