Question #$43$ of $50$

Which of the following exchanges involving life insurance does NOT qualify for Section $1035$ treatment?

A$)$ Making an additional cash payment into an annuity when exchanging a life policy for the annuity

B$)$ Exchanging a life policy insuring one person for a life palicy insuring a different person, provided an insurable interest exists between the $2$ persons

C$)$ Combining multiple life insurance policies and exchanging them for a single annuity contract, provided the insured is the same individual in all life policies

D$)$ Replacing a life policy issued by one insurance company with a life policy issued by another insurance company