Who Is An Assignee For Life Insurance?

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    Peggy Mace
    Most of the U.S.
    An assignee for life insurance is the person or entity that would get part of the proceeds of a life insurance policy upon the death of the Insured. Life insurance is sometimes used as collateral for a loan, and a collateral assignment form is used. The assignee is the lender and the amount of the death benefit that would be received is the amount remaining on the loan.
    Answered on June 23, 2013
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