ownership rights

What is Absolute Assignment?

November 27, 2017

An absolute assignment refers to complete transfer of the ownership (rights, benefits, liabilities etc.) of the policy to another party with no mention of terms and conditions.  E.g. if A the policy owner wants to gift or give his/her life insurance policy to another person B, then A is...

What is Assignor?

November 27, 2017

The Assignor is basically a person, a party or an entity that transfers the rights of a contract which they hold to another entity known as the assignee. The assignor thus transfers complete ownership rights and all the benefits pertaining to the contract to the assignee.

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