There are several common reasons why you might need to assign a life insurance policy, for example, settlement after divorce. But it is one of those simple documents that are still difficult to get right. With these, you can simply choose the document that matches your circumstances most closely so that you do not have to draft your own or make extensive edits.
Assign a life insurance policy
Deed of assignment: life insurance policy or endowment policy
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.
Deed of assignment: life or endowment policy by trustees
This deed of assignment transfers an endowment or other life assurance policy from trustees to beneficiary. 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
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.
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We avoid legal terminology unless necessary. Plain English makes our documents easy to understand, easy to edit and more likely to be accepted.
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.
We offer free support by email in respect of editing the document. You can also use our Document Review Service if you want to our legal team to check that the document will do as you intend.
Our documents comply with the latest relevant law. Our lawyers regularly review how new law affects each document in our library.
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