Assignment of Life Insurance Policy as Collateral

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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.
The Assignment of Life Insurance Policy form is a generic legal template that makes no specific references to the laws of any country.

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Microsoft Word