assignment of life policies


assignment of life policies
Transfer of the legal right under a life-assurance policy to collect the proceeds. Assignment is only valid if the life insurer is advised and agrees; life assurance is the only form of insurance in which the assignee need not possess an insurable interest. In recent years policy auctions have become a popular alternative to surrendering endowment assurances. In these auctions, a policy is sold to the highest bidder and then assigned to him or her by the original policyholder.

Accounting dictionary. 2014.

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  • assignment of life policies — Transfer of the legal right under a life assurance policy to collect the proceeds. Assignment is only valid if the life insurer is advised and agrees; life assurance is the only form of insurance in which the assignee need not possess an… …   Big dictionary of business and management

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  • nomination — The person to whom the proceeds of a life assurance policy should be paid as specified by the policyholder. See assignment of life policies …   Big dictionary of business and management

  • Номинальный доход — (nominal yield) См.: доход (yield). Указание держателя полиса страхования жизни, определяющее лицо, которому должны быть выплачены накопления по страхованию. См.: передача полисов страхования жизни (assignment of life policies). Финансы. Толковый …   Финансовый словарь

  • НАЗНАЧЕНИЕ — (nomination) Лицо, которому по указанию держателя полиса страхования жизни должны быть выплачены накопления по страхованию. См.: передача полисов страхования жизни (assignment of life policies). Бизнес. Толковый словарь. М.: ИНФРА М ,… …   Словарь бизнес-терминов

  • назначение — Указание держателя полиса страхования жизни, определяющее лицо, которому должны быть выплачены накопления по страхованию. См.: assignment of life policies (передача полисов страхования жизни). [http://www.vocable.ru/dictionary/533/symbol/97]… …   Справочник технического переводчика