Deed of assignment: life or endowment policy by trustees
- Attorney approved
- Plain English makes editing easy
- Guidance notes included
- Money back guarantee
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: Notice of Assignment to deliver to the insurer and bank.
This document was written by an attorney for Net Lawman. It complies with current South African law.
"The website is great, the access easy, documents professional. All very smart. Immediately got a good impression of Net Lawman."Hendrik J Pfaff, CFA, Stellenbosch, South Africa
"...Yes very useful. I understand the terminology etc as I've seen a fair few legal docs before. Notes are very helpful. Gives me some base insight without the expense of a solicitor!"John K
"I found the documents easy to use and great value. I feel the service is easy to use and good value for money."Sean McNicholas