Picture of Assignment of Life Insurance Policy as Collateral Picture of Assignment of Life Insurance Policy as Collateral

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: 21-April-2021
SKU: 6255
Old price: $12.49
$9.99
Related products
Picture of Assignment of Fire Insurance Policy

Assignment of Fire Insurance Policy

Assign your interest under a fire insurance policy with this easy-to-use Assignment Form.

  • The assignor (usually a borrower) assigns its interest under a fire insurance policy to another party (usually a lender).
  • The assignment would be used as collateral for a loan.
  • The assignment form includes the consent of the insurance company.
  • This is a generic legal document which does not contain country-specific language. The form is available as a downloadable and fully editable MS Word template.
$2.49
Picture of Balloon Promissory Note with Collateral Provisions

Balloon Promissory Note with Collateral Provisions

Use this Balloon Promissory Note form in situations where the borrower is required to provide additional collateral besides the property being mortgaged.

  • The borrower agrees to make monthly payments against the amount secured by the Note, until the date of the final payment.
  • The final payment will be a balloon payment (in other words, a payment in full of the entire balance of principal and interest outstanding at that date).
  • The note has an additional provision requiring the borrower to put up personal property or real estate as additional collateral security.
  • This is a generic legal form which is not specific to any country, state or province.
  • This template is available in MS Word format and is fully editable to meet your needs.
$2.49
Picture of Notice of Interest in Collateral | Canada

Notice of Interest in Collateral | Canada

Give notice of your security interest in a debtor's collateral with this Notice of Interest in Collateral template for Canadian lenders.

  • The Notice must be given by a lender or other secured party to any other person or firm which has a security interest in the same collateral.
  • This form can be used in any province or territory of Canada which has a Personal Property Security Act.
  • Available in MS Word format.
$2.29
Picture of Notice of Transfer of Collateral by Debtor | Canada

Notice of Transfer of Collateral by Debtor | Canada

Prepare a Notice of Transfer of Collateral by Debtor with this template form for Canadian loan transactions.

  • This form of notice is given by a debtor (borrower) to a secured party (lender), that the debtor has transferred or intends to transfer certain collateral over which the lender holds a security interest.
  • This Notice form is available in MS Word format.
  • Intended for use only in Canada, pursuant to Personal Property Security Act legislation.
$2.29