prudential deed of assignment to beneficiaries

Draft Deed of Assignment to Beneficiaries: INM11064 0/2024 Page 2 of 4 Section 2 – Additional information This Draft Deed is supplemental to a Declaration of Trust . made by: The Trustees wish to irrevocably assign the following policy/segment(s) issued by Prudential Assurance

Draft Deed of Assignment . By Personal Representatives to a Beneficiary. About this form. This form is designed to be used where the . Legal Personal Representatives, Executors or . Administrators wish to assign a policy to one beneficiary. If the assignment relates to a qualifying life policy, the assignee must also fully complete

Section 1 – Draft Deed of Assignment to Beneficiaries Assignee Date of Birth D D M Y Please give the full names of those who created the Trust and the date the Trust was established. This Draft Deed is supplemental to a Declaration of Trust made by:

Deed to Assign Policies from Trustees to a Beneficiary The trustees and assignee should read the important notes on page 1 before completing the Deed to Assign Policies from Trustees to a Beneficiary. A Date of Deed INSERT date when last person signs on pages 3–4. THIS DEED of Assignment is made on the day of 20

Use the “Absolute Gift Assignment to Trustee” form when you want to assign insurance coverage(s) to a trust. Use the “Absolute Assignment For Value” form only if assignments for value are permitted under the Group Contract and the trustee is a viatical settlement provider.

The assignment of a policy by trustees to beneficiaries who are absolutely entitled to the policy under the terms of a settlement. This deed should not be used where the policy is subject to an existing charge or mortgage – nor where the transfer is for consideration.

This deed is for the consideration of solicitors acting for the assignors/assignee. It should only be used after independent professional advice has been taken.

Use the “Absolute Gift Assignment to Trustee” form when you want to assign insurance coverage(s) to a trust. Complete the form (you must complete Part Two, and the Assignee must complete Part Three). Submit it to the Employer/Plan Administrator, who will complete Part Five and record the Assignment.

Under this Deed you (the Assignor) assign the policy/policies to an individual (the Assignees) by way of gift. If you (as the Settlor/Donor/Grantee) are assigning the policy/policies to the Trustees of your Trust, please use the Deed to Assign Policies to Trustees.

How to complete the Deed of Assignment 1. In Section A, insert the details of the policy (policy reference, policy type, and the name/s of the life assured/lives assured) that is being assigned