Deed of assignment
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Key features
England & Wales
Scotland
- Length:4 pages (455 words)
- Available in:
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About this document
This deed assigns a policy for an endowment or life insurance from trustees to a beneficiary.
It is for use where the receiving party does not pay for the value of the policy (instead use this deed)
For technical legal reasons, all assignments of life policies must be by deed and not by contract.
From a practical point of view, that means that a deed requires a witness to the signatures. Unless it is more convenient to do otherwise, the same witness can verify the signatures of both parties.
Features and contents
The deed contains the following paragraphs:
- The assignment
- Undertakings by trustees
- Notice of assignment to deliver to the insurer or bank
Recent reviews
However it remains to be seen if it was the correct one for the purpose.......this was not apparent without buying the (relatively )expensive review service.
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