Absolute Assignment refers to the transfer of all rights under the policy from the policyowner to a third party person.
You can make an Absolute Assignment if you meet ALL of the following criteria:
- Both Assignor and Assignee must complete the agreement and submit it together with the mandatory documents listed in the Checklist for Additional documents required.
- The policy must be in-force and must not be subject to any Irrevocable Nomination.
- Assignor and Assignee must be at least 18 years old and witnessed by 2 witnesses who must be 21 years old at the time the form is completed.
Kindly complete all of the required document and mail the original signed copies to Singapore Life by the Business Reply Envelope. Please note that your Customer Portal access will be transferred altogether to the Assignee once the agreement is in effect.