Get the free GWL Absolute Assignment (Form 57) REG.indd - Great-West Financial
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ABSOLUTE ASSIGNMENT: Use for Transfer of Ownership Rights Policy Number Name of Life Insured or Annuitant Current Policy Owner(s) Marital Status: ?? Single ?? Married ?? Divorced ?? Widowed (If Married,
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How to fill out gwl absolute assignment form
How to fill out GWL absolute assignment form:
01
Gather necessary information: Before filling out the GWL absolute assignment form, gather all relevant information such as policy number, policyholder's name, and contact information of the assignee.
02
Read the instructions: Carefully read the instructions provided with the form. Understand the purpose of the form and the specific requirements for completing it.
03
Fill in policy details: Start filling out the form by providing the policy details, including the policy number, policyholder's name, and any other required information about the insurance policy.
04
Assignee information: Enter the full name, address, and contact information of the assignee - the person or entity to whom you are assigning the policy.
05
Policy assignment details: Specify the effective date of the assignment and the rights you are transferring to the assignee. This could include the right to receive policy benefits, make changes, or surrender the policy.
06
Signatures: Both the policyholder and the assignee need to sign and date the form. Ensure the signatures are clear and legible.
07
Submit the form: Once you have completed the form, make a copy for your records and submit the original form to the appropriate insurance company or administrator as instructed.
Who needs GWL absolute assignment form?
01
Policyholders wishing to transfer their rights: Individuals who want to transfer the rights, benefits, or ownership of their life insurance policy to another person or entity may need to fill out the GWL absolute assignment form.
02
Assignees: Individuals or entities who will be receiving the rights or benefits of a life insurance policy through an absolute assignment will need to complete this form to provide their information and acknowledge the transfer.
03
Insurance companies: Insurance companies require the GWL absolute assignment form to facilitate the legal transfer of policy rights and ensure that proper documentation is in place for the new policy owner or beneficiary.
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