A policy can be assigned to any other person, bank or entity in consideration of a loan.
Below are the requirements for the purpose:
Submit these documents to Client Services in order to process the request
The assignee should accomplish the Assignment/Release of Assignment Form and submit the completed form to Client Services Department. If assignee is a corporation (e.g. bank), the form should be signed by the company's authorized signatory. A copy of Secretary's Certificate or Board Resolution and valid ID of the signatory are also required.
CHANGE OF PLAN*
* Application for change in plan should be made within six months from issue date. This is done only once in a lifetime of a policy.
You may also write us a letter with your full name, policy number and correct address or send an email to firstname.lastname@example.org.