Deed To Assign Policies To Individuals By Gift. Page 3
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5PARt b. Definitions (continued)
2. The ‘Assignees’
Please insert the details
Assignee 1
Assignee 2
of the Assignees.
Leave the ‘share taken’
Full Name
Full Name
box empty only if one
Assignee or if Assignees
take in equal shares.
If filled in, the total of
percentage inserted
Address
Address
must equal 100%.
Postcode
Postcode
Date of birth
Date of birth
Percentage (%) share taken
%
Percentage (%) share taken
%
Assignee 3
Assignee 4
Full Name
Full Name
Address
Address
Postcode
Postcode
Date of birth
Date of birth
Percentage (%) share taken
%
Percentage (%) share taken
%
3. Construction
3.1 In this Deed words importing the singular shall include the plural and vice versa.
3.2 The Notes in the margin are for the purposes of information only and shall not be used in the construction of
this Deed or any part of it.
3.3 Legal & General shall mean Legal & General Assurance Society Limited.
PARt c. RecitAls
Please insert details
a. The Assignor is the beneficial owner of a policy of insurance the details of which are set out in the Schedule (the
of the Policy in the
‘Policy’, which expression where the context admits, shall include all money assured by or to become payable by
Schedule.
virtue of the Policy and all benefits, privileges or advantages attaching to it).
b. The Assignor wishes to assign the benefit of the Policy to the Assignees.
PARt D. Key PRovisions
1.
The Assignor as the legal and beneficial owner of the Policy assigns the Policy (subject to all inheritance tax (if any) payable by virtue of this
Deed) to the Assignees absolutely in the percentage shares set out in clause 2 of Part B and in default in equal shares and the Assignees accept
the assignment on those terms (as evidenced by them signing this Deed).
2. Where the Policy is assigned by joint Assignors, the joint Assignors acknowledge that their investment in the Policy was provided in equal
shares by each Assignor unless the contrary is indicated in Clause 1 of Part B.
3. The Assignor hereby covenants with the Assignees that the Policy is now valid and in full force.
4. The Assignor shall not be under any obligation to keep up the Policy or to reinstate the Policy if it shall become void for any reason and shall
have no right to reimbursement or lien over the Policy in respect of any premium or premiums paid by the Assignor.
5. The Assignor and the Assignees will send a copy of this Deed to Legal & General as a notice of the assignment effected under this Deed.
Page 3
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