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Assignment of Life Insurance as Security

Assignment of Life Insurance as Security

This Assignment of Life Insurance as Security is between an assignor who agrees to assign proceeds under a life insurance policy to an assignee as security for a debt. This agreement sets forth the specific terms including assignor’s covenants to maintain the life insurance policy in good standing. It is imperative this type of agreement be in writing. A written Assignment of Life Insurance as Security will be useful if there are misunderstandings between the parties regarding the security.

This Assignment of Life Insurance as Security contains the following:
  • Parties: Names of the assignor and assignee;
  • Financial Interest: The identity of the party in which the assignor has a financial interest;
  • Indebtedness: The amount of assignor’s indebtedness;
  • Life Insurance Policy: The name of the insurance company who issued the policy and the amount of the policy;
  • Assignment: Assignor assigns the policy as security for repaying the indebtedness;
  • Covenants to Maintain Policy: Assignor agrees to pay all premiums and maintain the life insurance policy in good standing;
  • Additional Assurances: The assignee may ask assignor to execute other assurances regarding the collateral security;
  • Signatures: Both parties must sign this agreement.
Purchasing this Assignment of Life Insurance Policy as Security is a wise business decision. Our forms are prepared by attorneys and you will feel confident that you are using an up-to-date form.

This attorney-prepared packet contains:
  1. General Instructions
  2. Assignment of Life Insurance as Security
State Law Compliance: This form complies with the laws of all states

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Product Specifications

Product Assignment of Life Insurance as Security
Pages 4
Dimensions Designed for Letter Size (8.5" x 11")
Printer compatibility Designed to print on all ink-jet and laser printers
Sample Available (requires Flash plug-in)
Editable Yes (.doc, .wpd and .rtf)
Format Microsoft Word
Adobe PDF
WordPerfect
Rich Text Format
Platform Windows Compatible
Mac Compatible
Linux Compatible
Availability In Stock. Instant Download
Usage Unlimited number of prints
Product number #28609
Download time Less than 1 minute (approx.)
Document Access Via secret online address
Email with download links
Email with attachment upon request
Refund Policy 60 days, no-questions asked, 100% money back guarantee
Support Customer support 1-800-959-5899
Online support
Additional Help


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