Annuity Planning · Tool 3 of 12
1035 Exchange Analyzer
Compare an in-force annuity to a proposed replacement. Net surrender after charges + MVA, basis carryover, 10-year side-by-side projection, breakeven year, 180-day partial-1035 rule check.
Net surrender + breakeven
Net surrender
$215,000
Basis carryover
$150,000
Breakeven year
Year 2
The proposed contract starts with $215,000 (after surrender charges + MVA). Basis of $150,000 carries over. gains beyond that are taxable on future withdrawals.
Account value over the horizon
202620312035
Proposed (after 1035)
Existing (do nothing)
Existing contract vs the proposed contract after the surrender hit. The proposed line should overtake the existing line by the breakeven year if the new rate is meaningfully higher.
10-year side-by-side
| Year | Existing AV | Proposed AV | Delta |
|---|---|---|---|
| 2026 | $230,400 | $226,825 | $-3,575 |
| 2027 | $235,930 | $239,300 | +$3,371 |
| 2028 | $235,930 | $252,462 | +$16,532 |
| 2029 | $235,930 | $266,347 | +$30,418 |
| 2030 | $235,930 | $280,996 | +$45,067 |
| 2031 | $235,930 | $280,996 | +$45,067 |
| 2032 | $235,930 | $280,996 | +$45,067 |
| 2033 | $235,930 | $280,996 | +$45,067 |
| 2034 | $235,930 | $280,996 | +$45,067 |
| 2035 | $235,930 | $280,996 | +$45,067 |
Suitability flags
- SURRENDER CHARGE. $10,000 surrender + MVA exposure on the existing contract reduces net premium to $215,000.
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