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 Clark
Category:
State:
Multi-State
County:
Clark
Control #:
US-00422
Format:
Word;
Rich Text
Instant download
Description
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This assignment is made and the Policy is to be held as collateral security for any and all liabilities of the undersigned, or any of them, to the Assignee,. How to fill out the Assignment Policy Form for Life Insurance?1. Identify the policy and the assignee details. 2. Complete this form for the Collateral Assignment of Life insurance and Annuity contracts ONLY. You may use this form for multiple policies that have the same policy owner and require the same signatures. The assignment of a registered product policy must be to a Registered Representative of NYLIFE Securities, LLC. A collateral assignment is a legal arrangement where the policyholder assigns the benefits of their policy to a lender as collateral for a loan.
