Series 24: 1035 Exchanges

Taken from our Series 24 Online Guide

1035 Exchanges

Section 1035 of the Internal Revenue Code allows annuity holders to exchange one annuity contract for another without suffering any tax consequences. While 1035 exchanges may seem like a great deal for the client, representatives need to be sensitive to the fact that some exchanges may not be ultimately beneficial for the client.

Both fixed and variable annuity contracts usually contain surrender periods. A surrender period is the length of time t

+ Read More

More Series 24 Info

What are people saying?

Create an Account

Since you're reading about Series 24: 1035 Exchanges, you might also be interested in:

Series 66 - Real Estate Limited Partnership (RELP)

Series 6 - 6.3.3.6. Free-Look Period

SIE - Adjustments to Open Quotes on the Ex-date

Series 51 - Rule G-10—Investor Client Education and Protection

SIE - 7.3.2.5.2. The Balance Sheet

Series 52 - Correspondence

Series 65 - Diversification

Series 14 - 9.1.2.6. Summary Prospectus

Series 26 - Conditions of FINRA Membership

Series 24 - Rule 15g-8 – Escrow

Please Enable Javascript
to view this content!

Site Login

TESTIMONIALS

What are people saying?

I stuck to the outline day by day and it really helped me with sticking to a routine and curriculum. I passed the Series 24 on my 1st try! Would definitely recommend this to anyone in the Securities Industry.

Rima Mehta, PNC Investments, Charlotte, NC

Thank you Solomon! I was able to pass the SIE, 7, 63 and 24 in a relatively short time period. The practice exams with answers really helped and when I had a question for The Professor, I always received a quick and accurate response. Solomon is definitely the way to go.

Seth Schader, CCO, Mercer Island, WA

I just passed the series 24! It is, by far, the hardest test that I have ever taken. I had failed it 4 times using other study materials. I have never felt more defeated! Solomon Exam Prep is the best! I took over 154 practice tests...without seeing the same question twice. I was able to finally grasp the material and passed! My only regret is that I did not use the Solomon Exam Prep on my first attempt!

Bill Harpe, Capital Choice. Greensboro, GA

I really liked the Solomon study materials. They did a really nice job of explaining the material in plain language. I have a really long commute and the audio books came in really handy!! I would recommend the Solomon study materials!

Jessie Urban, Securities America Inc, LaVista, NE

I took my Series 24 on July 28 and passed!! I had not passed 2 prior Series 24 exams and was down to my last attempt. A fellow principal on my team who had not passed his Series 24 his first time told me about the Solomon practice tests and how they helped him. It was such a big help for me passing exam as the questions were structured more like the real exam than any other practice tests I’ve taken. I have since gone to other employees at my firm for other tests, such as the Series 7, SIE among others and have told them about the Solomon test materials and some of them are now purchasing Solomon as well.

Thadius Beavers, Prospera Financial. Dallas, TX.

Studying for the 24 was not easy. I felt Solomon's course materials and online portal prepared me well for passing the exam in the first try. The study material was NOT overwhelmingly thrown together and I found the study program to be manageable and focused. Got me through the study period of about 4-5 weeks. I would recommend Solomon over the other courses.

Ajay A, CT, Series 24