Transcription of 1035 POLICY EXCHANGE ELIGIBILITY: ABSOLUTE …
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CREATED EXCLUSIVELY FOR FINANCIAL PROFESSIONALSSERVICE1035 Exchanges (Helpful Hints) NOT FOR CONSUMER USE. 2015 Prudential Financial, Inc. and its related Ed. 01/2015 Exp. 07/31/20161035 POLICY EXCHANGE ELIGIBILITY: 1. Insured/owner must be the Minimum face amount, $50, Minimum cash value, $1, A survivorship POLICY must be exchanged for another survivorship POLICY , cannot be exchanged for a single life Policies with outstanding loans must be pre-approved to allow for a mirrored loan (TOP 20)ORIGINAL PAPERWORK REQUIRED?EXISTING CARRIER REQUIRE OWN FORM?AVERAGE PROCESSING TIME/(BUSINESS DAYS)SIGNATURE DATE GOOD FOR (DAYS)CONSERVATION PERIOD (DAYS)American General Life InsuranceNoNo3018010 AXA Equitable Life Insurance CompanyNoNo2830 NAGenworthNoNo10 NANAG reat West Life & Annuity InsuranceNoNo9NA4 Guardian Life5 Yes (VL only)No306030 Hartford LifeNoNo8180 NAING Life Insurance (Voya)NoNo30180 NAJackson NationalNoNo10180 NAJohn Hancock Life InsuranceNoNo30180 NAMassachusetts Mutual Life InsuranceNoYes240NA301 Metropolitan Life Insurance CompanyNoNo20NA101 Nationwide Life InsuranceNoNo760 NANew York LifeYes (VL only)No1490283 Northwestern Mu
3. For trust-owned policies, must include the full name of the trust owner and date of the trust on
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