CapitaSafe Pte Ltd.

Absolute Assignment

An absolute assignment is the transfer of a life policy to another person for various reasons and is governed under Policies of Assurance Act (Chapter 392). Once the policy is assigned, the assignor (policy owner) loses all rights to benefit under the policy. The assignee will receive all future correspondence on the policy. All future benefits and/or payment will be payable to the assignee.

Sample of Assigned Policy here.

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