This Insurance Assignment Agreement is a transfer by the holder of a life insurance policy (the assignor) of the benefits or proceeds of the policy to a lender (the assignee). This two page document contains standard terms and conditions that are commonly used in this type of agreement, however, additional terms and conditions may be added by the contracting parties to ensure that their needs are met. Use this document when the holder of a life insurance policy wants to transfer the benefits or proceeds of the policy to a lender.
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