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.

  • 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.
Document Type: Microsoft Word
Last Updated: 07-September-2025
SKU: 6255
$9.99
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