Deed of assignment

Life or endowment policy on divorce
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Document overview

This deed transfers the rights to a policy to your former spouse or partner. Use by agreement or by order of the Court.
Compliant
Compliant with the latest law in
  • England & Wales
  • Scotland
Document propertied
Document properties
  • Length:4 pages (850 words)
  • Available in:
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About this document

Use this deed to transfer a life assurance policy to a former spouse or life partner.

The transfer will be complete and valid only when the insurer has been formally notified. As well as the deed document, we have included a template notice for that purpose.

We offer a simple deed of assignment by trustees if you are a trustee assigning the policy to a beneficiary.

If you are selling or buying a policy for money, use this similar deed of assignment of a life insurance policy.

For technical legal reasons, all assignments of life policies must be by deed and not signed by hand. You can read more about what a deed is and when to use one.

In practice, this means that you need a witness to your signatures. Unless it is more convenient to do otherwise, the same person can verify the signatures of both parties.

Taxation of life assurance policies is complex and we recommend that you consult with a tax accountant. The effect of tax is also an important consideration in assessing the value to the assignee of the policy.

Features and contents

The document includes the following:

  • Warranties by the assignor
  • The assignment
  • Dispute resolution
  • Severance and invalidity
  • Notice of assignment to deliver to the insurer or bank
Sample deed of assignmentSample page from the deed of assignment for a life or endowment policy on divorce

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Recent reviews

Great Service
10 January 2015
Not as daunting as you might imagine! Easy to fill in, customer service very good they emailed me a copy in another format as soon as I requested it.Insurance company accepted the deed of assignment and transferred the policy without any problem.
John Diamond
Excellent result
11 April 2014
Excellent result from using this document.
Alistair Nash
Easy To Implement
09 April 2013
Easy to understand and get implemented. no Fuss at all. a couple of questions answered by the staff very quickly, a great service that i would consider to use again should i need to. :)
Brian Barrett
Read all 4 reviews

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