Absolute Assignment
Assign your policy to an Entity
Instructions
When making a transfer of ownership from the Policyowner (Assignor) to another person or company (Assignee), the Assignee will have full control of the policy as if he or she is the Policyowner.
Both the Assignor and Assignee should be 18 years old or older. If the Assignor or Assignee is below 18 years old, please contact our Client Services team at (65) 6833-8188 for assistance.
To perform an Assignment, please complete the Absolute Assignment Form to an Individual or Absolute Assignment Form to an Entity and submit it to us with the necessary document(s) requested.
What you need to provide
Please refer to the “Checklist” found in the Absolute Assignment Form to an Individual or Absolute Assignment Form to an Entity.
FAQ
Can a Absolute Assignment form be performed for all policies?
Not all policies are eligible for a Absolute Assignment form. Please refer to the “Checklist” found in the Absolute Assignment form for the submission requirements.
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Assign your policy to a Financial Institution
Assign your policy to a Financial Institution as additional security for a loan.
