Deed of assignment
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Key features
- Length:5 pages (800 words)
- Available in:
Microsoft Word DOCX
Apple Pages
RTF
If the document isn’t right for your circumstances for any reason, just tell us and we’ll refund you in full immediately.
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.
Email us with questions about editing your document. Use our Lawyer Assist service if you’d like our legal team to check your document will do as you intend.
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.
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Document only
- Comprehensive template covering legal and practical points
- Detailed guidance notes a step-by-step instructions to help you complete your document with confidence.
- Up to date with latest law our lawyers regularly review how new relevant law affects each document in our library
- Written in plain English avoiding legal terminology unless necessary. plain English makes our documents easy to understand, easy to edit and more likely to be accepted
- Support from our legal team email us with questions about editing your document
- Money back guarantee that if the document isn't right
Lawyer Assist
- Comprehensive template covering legal and practical points
- Detailed guidance notes a step-by-step instructions to help you complete your document with confidence.
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- Review of your edited document by our legal team including:
- understanding your requirements
- checking that your document will achieve your goal
- reporting on whether your changes comply with the law
- answering your questions about how to word a new clause or achieve an outcome
- checking that your use of defined terms is correct and consistent
- correcting spelling mistakes
- reformatting the document ready to sign
Bespoke
- A document drawn just for you to your exact requirements
- Personalised service provided by an experienced solicitor
- Free discussion before we provide an estimate, for you to ask questions and for us to understand your requirements
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- fixed fee to draw a document to your initial instructions
- additional or changed instructions charged either at fixed rates or on a time basis as agreed with you
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Standard
- Allowed downloads from entire Library10
(average document price R440) - Lawyer Assist Service included
(average price R2750) - Get Expert answers fast in your workspace
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Professional
- Allowed downloads from entire Library25
(average document price R440) - Lawyer Assist Service included
(average price R2750) - Get Expert answers fast in your workspace
- Discount on further Lawyer Assist40%
- Discount on Bespoke Drafting10%
- Priority email support
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- Allowed downloads from entire Library25
(average document price R440) - Lawyer Assist Service included2
(average price R2750) - Get Expert answers fast in your workspace
- Discount on further Lawyer Assist40%
- Discount on Bespoke Drafting20%
- Priority email support
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