What are the current regulatory limits and tax rules surrounding the exchange of a traditional whole life policy for an indexed universal life policy via a 1035 exchange?
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Fan-out diagram
The searches the AI actually ran for this prompt.
SEED QUERY
What are the current regulatory limits and tax rules surrounding the exchange of a traditional whole life policy for an indexed universal life policy via a 1035 exchange?
3 real searches · 1 real-search pass
2026 IRS section 1035 exchange life insurance policy whole life indexed universal life tax basis policy loan MEC rules officialGoogle ↗
OBSERVED
NAIC life insurance replacement model regulation 613 replacement requirements state adoption current 2026Google ↗
OBSERVED
NAIC AG 49-A indexed universal life illustration regulation current 2026Google ↗
OBSERVED
Badge and edge weight = share of passes that produced the query. Hover a query for its intent and routing format.
Query classes
Google's semantic query class for every sub-query: what kind of answer each search is after, simulated vs real.
Classifying 3 queries…
Searches and sources
ChatGPT3 real searches · gpt-6
2026 IRS section 1035 exchange life insurance policy whole life indexed universal life tax basis policy loan MEC rules official Google ↗
NAIC life insurance replacement model regulation 613 replacement requirements state adoption current 2026 Google ↗
NAIC AG 49-A indexed universal life illustration regulation current 2026 Google ↗
- IRC Section 1035 · uscode.house.gov
- 26 U.S.C. § 1035: Certain exchanges of insurance policies · uscode.house.gov
- 26 CFR § 1.1035-1 - Certain exchanges of insurance policies. | Electronic Code of Federal Regulations (e-CFR) | US Law · law.cornell.edu
- Publication 525 (2025), Taxable and Nontaxable Income · irs.gov
- U.S.C. Title 26 · govinfo.gov
- Tax Facts · thinkadvisor.com
- MO613 · content.naic.org
- Life Insurance and Annuities Replacement Model Regulation · content.naic.org
- Model 613: Life insurance and annuities replacement model regulation · naic.soutronglobal.net
- Insurance Topics | Life Insurance Illustrations · content.naic.org
- October 27, 2025 · content.naic.org
- Replacing Life Insurance Policies or Annuities · idoi.illinois.gov
- IRC Section 7702A · uscode.house.gov
- usc-cdn.house.gov · usc-cdn.house.gov
- 26 U.S.C. § 7702A: Modified endowment contract defined · uscode.house.gov
- NAIC replacement guidance · content.naic.org
- Virginia replacement regulations · law.lis.virginia.gov
- 14VAC5-30-40 · law.lis.virginia.gov
- 14VAC5-30-55. Duties of the existing insurer. · law.lis.virginia.gov
- IRS Internal Revenue Bulletin 2026-31, TD 10052 · irs.gov
- Internal Revenue Bulletin: 2026-31 · irs.gov
- Information Reporting and Transfer for Valuable Consideration Rules for Section 1035 Exchanges of Life Insurance and Certain Other Life Insurance Contract Transactions, 30058-30068 [2023-09637] :: Internal Revenue Service :: Department Of Treasury :: Regulation Tracker :: Justia · regulations.justia.com
- IRC Section 7702 – Life insurance contract definition · law.cornell.edu
Queries
3 queries · click a column to sort
| Query / type | Search | Intent | Query class | Routing format | Cluster | Freq ↓ | Weight |
|---|---|---|---|---|---|---|---|
2026 IRS section 1035 exchange life insurance policy whole life indexed universal life tax basis policy loan MEC rules official OBSERVED | Google ↗ AI Mode ↗ | — | — | — | — | 1x of 1 | |
NAIC life insurance replacement model regulation 613 replacement requirements state adoption current 2026 OBSERVED | Google ↗ AI Mode ↗ | — | — | — | — | 1x of 1 | |
NAIC AG 49-A indexed universal life illustration regulation current 2026 OBSERVED | Google ↗ AI Mode ↗ | — | — | — | — | 1x of 1 |