About this deed of assignment for a life assurance policy
This deed of assignment transfers an endowment or other life insurance policy from trustees to beneficiary. 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 :written notice to inforn insurer or other interested person.
This document was written by a solicitor for Net Lawman. It complies with current Australian law.
-
"I've used Netlawman twice (my business is in Australia) and both times I've found them to be very knowledgeable, patient, and to give considerable thought to the details of the agreements I needed developed.
I will be using them again for a variety of future projects and I highly recommend them for any business looking for high quality, affordable legal document solutions. "Clive Liebmann -
"I having spent hundreds of thousands of dollars on lawyer over my lifetime in business, how I wish I had found you sooner"
Stewart Barnett -
"An extremely simple and painless process to get the best legal documents available. Thank you very much."
Wilson Transformer Company