This form is an Assignment of Money Due. The assignor agrees to grant to the assignee all title and interest in a certain debt or money due as described in the agreement. The form also provides that it is the responsibility of the assignor to collect the debt.
Assignment Due Form For Life Insurance In Bexar
Category:
State:
Multi-State
County:
Bexar
Control #:
US-00422
Format:
Word;
Rich Text
Instant download
Description
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Step 1 - Print and Complete Form. The absolute assignment of a life insurance certificate has legal and tax implications.A collateral assignment is a legal arrangement where the policyholder assigns the benefits of their policy to a lender as collateral for a loan. Please read instructions on Page 4 before completing and executing this form. SECTION 1: Group life insurance program. The application for life insurance benefits consists of the forms included in this packet, as well as the additional information noted under item 1 below. Once you have found the right loan, you must fill out the collateral assignment form. Your insurer will be able to provide you with this form easily. Complete, print, and sign this Assignment of benefits form (highlighted fields can be completed online then printed).
