Deed of assignment: life or endowment policy on divorce
- Solicitor approved
- Plain English makes editing easy
- Guidance notes included
- Money back guarantee
About this deed of assignment for a life insurance policy
Use this deed of assignment to transfer a life insurance 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 simpler version of this document if you are a trustee assigning the policy to a beneficiary. See: Deed of assignment: transfer life assurance policy by trustees.
If you are selling or buying a policy for money, use a similar document which you will find at: Deed of assignment: life insurance policy or endowment policy.
Completing this deed of assignment
For technical legal reasons, all assignments of life policies must be by deed and not signed by hand. The main practical difference is that a deed requires a witness to the signatures. Unless it is more convenient to do otherwise, the same witness 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.
Document features and contents
The deed of assignment includes the following paragraphs:
- Warranties by the assignor;
- The assignment;
- Dispute resolution;
- Severance and invalidity;
- Form: Notice of Assignment to deliver to the insurer and bank.
This document was written by a solicitor for Net Lawman. It complies with current New Zealand law.
"I have found Net Lawman perfect for my needs and saved me thousand of dollars in legal fees getting a lawyer to produce these douc's from scratch. I have used three of the Net Lawman doc's to basically write up the NDA, contract, Non Solicitation agreements to a level of being 95% complete and then used my lawyer to sign off. My lawyer even commented how complete these doc's are.
Thanks guys, great service/product.
Cheers Dean"Dean Harper
"...Yes very useful. I understand the terminology etc as I've seen a fair few legal docs before. Notes are very helpful. Gives me some base insight without the expense of a solicitor! "John K
"Yes the document was very useful, easy to read and understand and contained everything I needed. I will definitely refer to your site in the future. "Vicky Gregory