Question #$22$ of $50$

Which of the following would NOT be a permissible exchange under Section $1035?$

A$)$ Exchanging an annuity with a general account for a variable life contract

B$)$ Exchanging an equity$-$indexed whole life policy for an annuity with a separate account

C$)$ Exchanging a variable life policy for an equity$-$indexed annuity after $2$ years

D$)$ Exchanging a whole life policy for a variable universal life policy for a juvenile