MLchartDataset catalogue

Section 1035

Term · Finance and investing · MLC-T-FIN-000341

This part of the U.S. tax code allows you to exchange an existing variable annuity contract for a new annuity contract without paying tax on the income and investment gains in your current account. But you may have to pay surrender charges on your old annuity if you are still within the surrender period.

Table 1. Record
IdentifierMLC-T-FIN-000341
FieldFinance and investing
ReferencesSEC Investor.gov Glossary
Record as JSON 
{
  "id": "MLC-T-FIN-000341",
  "term": "Section 1035",
  "field": "Finance and investing",
  "definition": "This part of the U.S. tax code allows you to exchange an existing variable annuity contract for a new annuity contract without paying tax on the income and investment gains in your current account. But you may have to pay surrender charges on your old annuity if you are still within the surrender period.",
  "references": [
    "SEC Investor.gov Glossary"
  ],
  "url": "https://mlchart.com/terminology/finance/section-1035/"
}

Record 341 of 398 in Finance and investing terminology (MLC-0118). Request the full dataset.