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Document Id : 4887
File Type : Microsoft Word
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USA Assignment of Life Insurance Policy as Collateral
Transfer a life insurance policy to a lender as collateral for a loan with this Assignment of Life Insurance Policy form for the USA.
- The lender has the sole right to collect any proceeds payable under the policy.
- The lender is at liberty to surrender the policy and receive any distributions, dividends or surplus.
- The assignor retains the right to collect disability benefits, designate or change beneficiaries, and elect for optional settlement.
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