This deed of assignment transfers an endowment or other life assurance policy, most commonly from trustees to beneficiary or from one party to another at divorce or separation. It includes a template notice to the insurer that the policy has been transferred. The document is easy to complete.
Deed of assignment
Life or endowment policy on divorce
4 reviews
C$19.00
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Document properties
- Length:4 pages (850 words)
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About this deed of assignment for a life assurance policy
This deed of assignment transfers an endowment or other life insurance policy, most commonly from trustees to beneficiary or from one party to another as part of a divorce settlement or separation agreement. It includes a template notice to the insurer that the policy has been transferred. The document is straight forward to complete.
This document is not suitable for a transfer for value. Instead, use Deed of assignment: life insurance policy or endowment policy.
Assigning a life policy using this document
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.
Document features and contents
The deed of assignment contains the following paragraphs:
- The assignment
- Undertakings by trustees
- Form: Notice of Assignment to deliver to the insurer and bank
Reviews of this document
4 Reviews
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4 star
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Recent reviews
Not as daunting as you might imagine! Easy to fill in, customer service very good they emailed me a copy in another format as soon as I requested it.Insurance company accepted the deed of assignment and transferred the policy without any problem.
John Diamond
Review of the United Kingdom version
Excellent result from using this document.
Alistair Nash
Review of the United Kingdom version
Easy to understand and get implemented. no Fuss at all. a couple of questions answered by the staff very quickly, a great service that i would consider to use again should i need to. :)
Brian Barrett
Review of the United Kingdom version
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