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    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.
    Download Type: Microsoft Word
    Last Updated: 21-April-2021
    SKU: 6255