Deed of assignment

Life or endowment policy on divorce
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Key features

This deed of assignment transfers the rights to an insurance policy or endowment policy to your former spouse or partner. Use by agreement or by order of the Court. Use to transfer all you own, whether all or half share.
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Document properties
  • Length:5 pages (800 words)
  • Available in:
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About this deed of assignment for a life insurance policy

Use this deed of assignment to transfer a life insurance policy to a former spouse or life partner. The transfer will be complete and valid only when the insurer has been formally notified. As well as the deed document, we have included a template notice for that purpose.

We offer a simpler version of this document if you are a trustee assigning the policy to a beneficiary: Deed of assignment: life or endowment policy by trustees.

If you are selling or buying a policy for money, use a similar document which you will find at: Assignment of life policy to individual or company.

Completing this deed of assignment

For technical legal reasons, all assignments of life policies must be by deed and not signed by hand. 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.

Taxation of life assurance policies is complex and we recommend that you consult with a tax accountant. The effect of tax is also an important consideration in assessing the value to the assignee of the policy.

Document features and contents

The deed of assignment includes the following paragraphs:

  • Warranties by the assignor;
  • The assignment;
  • Dispute resolution;
  • Severance and invalidity;
  • Form: Notice of Assignment to deliver to the insurer and bank.
Sample deed of assignmentFront cover

Recent reviews

Great Service
10 January 2015
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
11 April 2014
Excellent result from using this document.
Alistair Nash
Review of the United Kingdom version
Easy To Implement
09 April 2013
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
Read all 4 reviews

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