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.