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  • Deed of Assignment of Insurance

    Transféré par

    juvpilapil
    111 vues1 page
    The document is a deed of assignment transferring ownership of a life insurance policy from an individual to an assignee. It assigns all rights and interests in the policy to the assignee up to the outstanding loan balance with any excess paid to beneficiaries. The assignment excludes premium deposits, policy funds, and dividend withdrawals related to the policy. The assignor, irrevocable beneficiary, and witnesses sign to acknowledge the transfer.

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    The document is a deed of assignment transferring ownership of a life insurance policy from an individual to an assignee. It assigns all rights and interests in the policy to the assignee up to the outstanding loan balance with any excess paid to beneficiaries. The assignment excludes premium deposits, policy funds, and dividend withdrawals related to the policy. The assignor, irrevocable beneficiary, and witnesses sign to acknowledge the transfer.

    Droits d'auteur :

    Attribution Non-Commercial (BY-NC)
    Téléchargez comme RTF, PDF, TXT ou lisez en ligne sur Scribd
    Signaler comme contenu inapproprié
    111 vues1 page

    Deed of Assignment of Insurance

    Transféré par

    juvpilapil
    The document is a deed of assignment transferring ownership of a life insurance policy from an individual to an assignee. It assigns all rights and interests in the policy to the assignee up to the outstanding loan balance with any excess paid to beneficiaries. The assignment excludes premium deposits, policy funds, and dividend withdrawals related to the policy. The assignor, irrevocable beneficiary, and witnesses sign to acknowledge the transfer.

    Droits d'auteur :

    Attribution Non-Commercial (BY-NC)
    Téléchargez comme RTF, PDF, TXT ou lisez en ligne sur Scribd
    Signaler comme contenu inapproprié
    sur 1

    (DEED OF ASSIGNMENT OF INSURANCE) DEED OF ASSIGNMENT KNOW ALL MEN BY THESE PRESENTS: For valuable consideration I, _____________, Filipino,

    of legal age, (single / married / widow), and a resident of _____________, Philippines, and the Owner of Policy No. _____________ ("Policy"), issued by _____________ LIFE INSURANCE CO., INC., upon my life, do hereby ASSIGN, TRANSFER and CONVEY unto __ASSIGNEE__, its successors and assigns, all my rights, titles, interests, participation, claims, and demands of whatsoever nature on the said Policy to the extent of the outstanding balance of my loan with the said __ASSIGNEE__, with the excess, if any, to be paid upon my beneficiaries named in the Policy. However, this assignment shall exclude premium deposits, policy funds and dividend withdrawals arising out of, or in connection with, the Policy. IN WITNESS WHEREOF, I have hereunto set my hand this _____________, at _____________, Philippines.

    ASSIGNOR CONFORME:

    IRREVOCABLE BENEFICIARY

    SIGNED IN THE PRESENCE OF:

    __________________ __________________

    (ACKNOWLEDGMENT)

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