Deed of Assignment (Endowment or Life Policy)

Deed of Assignment (Endowment or Life Policy)

This document allows one or more people to transfer their rights in a specific policy (such as an endowment or life assurance policy) to another person or persons.

For use anywhere in the UK.

Price (inc VAT)£11.75
CodeC568

This Deed of Assignment for an Endowment or Life Police allows one party (the assignor) to transfer this allows one or more people to transfer their rights in a specific policy (such as an endowment or life assurance policy) to another person or persons either a gift, in return for payment, or as part of a settlement on divorce or separation.

The assignment of a policy for money or money's worth may lead to liability for income tax as could the assignment of a policy as part of the rearrangement of assets between parties on separation or divorce. Taxation of life and endowment policies is complex and you should consult a professional adviser if you have any questions.

Features

This Deed of Assignment is suitable for use in the UK - England, Scotland and Wales. The template includes clauses that allow you to specify:

  • assignor
  • assignee
  • the policy or the property
  • consideration.

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