Deed of assignment

Life insurance policy or endowment policy
9 Reviews
Select support levelCompare

Document overview

This deed of assignment transfers the rights to an insurance policy or endowment policy to another party. It can be used when gifting or selling the policy, or as part of a settlement of a divorce or separation. It is easy to complete.
Compliant with the latest law in
  • AB
  • BC
  • MB
  • ON
  • SK
Document propertied
Document properties
  • Length:5 pages (1140 words)
  • Available in:
    MsWordMicrosoft Word DOCXApple pagesApple PagesRTFRTF
watertight guarantee
Backed by our watertight guarantee

If the document isn’t right for your circumstances for any reason, just tell us and we’ll refund you in full immediately.

writing in plain english
Written in plain English

We avoid legal terminology unless necessary. Plain English makes our documents easy to understand, easy to edit and more likely to be accepted.

Guidance notes included

You don’t need legal knowledge to use our documents. We explain what to edit and how in the guidance notes included at the end of the document.

Support from our legal team

Email us with questions about editing your document. Use our Lawyer Assist service if you’d like our legal team to check your document will do as you intend.

Up to date with the latest law

Our documents comply with the latest relevant law. Our lawyers regularly review how new law affects each document in our library.

About this deed of assignment for a life insurance policy

Use this deed of assignment to transfer a life insurance policy to another person. The reason for transfer might be as a gift, as settlement of a divorce or on separation, or in return for a payment.

The transfer will be complete and valid only when the insurer has been formally notified. As well as the deed document, we have included a template notice that the assignment has taken place. This may or may not be useful to you: your insurer may prefer you to use their own form, but sometimes other parties, like your bank, also need to know or appreciate being told.

Additionally, if the reason for transfer is divorce or separation, this document includes undertakings and promises so that either party cannot fail to cooperate.

The document is straightforward to complete and written in plain English.

Completing this deed of assignment

For technical legal reasons, all assignments of life policies must be by deed and not by contract. The main practical difference is that a deed requires a witness to the signatures.

Unless it is more convenient to do otherwise, the same witness can verify the signatures of both parties.

When to use this deed of assignment

The deed can be used to assign a policy:

  • From one individual to another, for payment or as a gift
  • In a sale by the life assured to anyone or any company
  • To or by the trustees of a trust for any reason
  • For a transfer to a former spouse or life partner
  • Use in all provinces of Canada

Document features and contents

The deed of assignment includes the following paragraphs:

  • Warranties by the assignor
  • The assignment
  • Limitation of liability
  • Publicity: allows you to decide whether any part of the deal can be made public
  • Dispute resolution
  • Limitation of liability
  • Severance and invalidity
  • All other legal paragraphs
  • Form: Notice of Assignment to deliver to the insurer and bank
Sample deed of assignmentFront cover

Recent reviews

Alternative Found
11 January 2023
I was concerned that the document would be amateurish.
I decided to buy it as the price was reasonable and it could be reviewed afterwards if required.
I was unable to find a local solicitor who would help me..
I would definitely recommend to others..
Chris Fletcher
Christopher Fletcher
Review of the United Kingdom version
Great Service
04 February 2019
It was truly helpful to know what was required without involving a solicitor.
Michael Laycock
Review of the United Kingdom version
Great Service
21 January 2019
Really good quality and easy to apply for the clients circumstances.
Andrew Baker
Review of the United Kingdom version
Read all 9 reviews

Choose the level of support you need

Document Only

Complete the document template yourself using our guidance notes
  • ok This document
  • okDetailed guidance notes explaining how to edit each paragraph
Most Popular

Lawyer Assist

Support from our legal team during and after editing
203 Reviews
  • ok This document
  • okDetailed guidance notes explaining how to edit each paragraph
  • okUnlimited email support - ask our legal team any question related to completing the document
  • ok
    Review of your edited document by our legal team including:
    • reporting on whether your changes comply with the law
    • answering your questions about how to word a new clause or achieve an outcome
    • checking that your use of defined terms is correct and consistent
    • correcting spelling mistakes
    • reformatting the document ready to sign
© 2000 - 2024 Net Lawman Limited.
All rights reserved