Which of the following types of exchanges of insurance contracts qualify for non-recognition treatment under 1035? a. Exchange of life insurance contracts. b. Exchange of a life insurance contract for an endowment or annuity contract. c. Exchange of an endowment contract for an annuity contract. d. Exchange an annuity contract for a life insurance contract. 1. Only a. and c. 2. a., b., and c. 3. a., c., and d.