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Deed of Assignment and Transfer of Rights

Juan De la Cruz is assigning and transferring all rights and interests in his St. Peter Traditional Life Plan policy to Sebastian Maliksi. The document details the terms of the transfer, with Juan waiving all rights in favor of Sebastian, who will assume all obligations to the insurance company. Both parties sign to finalize the legal transfer of the life insurance policy from Juan to Sebastian.

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66 views1 page

Deed of Assignment and Transfer of Rights

Juan De la Cruz is assigning and transferring all rights and interests in his St. Peter Traditional Life Plan policy to Sebastian Maliksi. The document details the terms of the transfer, with Juan waiving all rights in favor of Sebastian, who will assume all obligations to the insurance company. Both parties sign to finalize the legal transfer of the life insurance policy from Juan to Sebastian.

Uploaded by

clint maratas
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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Deed of Assignment and Transfer of Rights.

 KNOW ALL MEN BY THESE PRESENTS:


This deed, made and entered made and entered into this 13rd day of January 2018 at the City of
Manila, by and between:
Juan De la Cruz, Filipino citizen, of legal age, married to Josefina De la Cruz, and with residence
and postal address at 123 Kasiglahan Street, Karangalan Village, Dela Paz, Pasig City,
Philippines, hereinafter referred to as the “ASSIGNOR/TRANSFEROR”
—and—
Sebastian Maliksi, Filipino citizen, of legal age, single, and with residence and postal address at
456 Kasimanwa Street, Karangalan Village, Dela Paz, Pasig City, Philippines, hereinafter
referred to as the “ASSIGNEE/TRANSFEREE”
WITNESSETH
WHEREAS, the ASSIGNOR/TRANSFEROR is the owner of life / memorial plan contract
which is identified as St. Peter Traditional Life Plan (St. Anne), with Life Plan Agreement No.
123456;
WHEREAS, for and in consideration of the value of the plan and out of accommodation and
assistance for the ASSIGNEE/TRANSFEREE, the ASSIGNOR/TRANSFEROR is assigning and
transferring all his/her rights and interests over the Life Plan mentioned in the immediately
preceding paragraph to the ASSIGNEE/TRANSFEREE;
NOW, therefore for and in consideration of forgoing premises, the parties hereto have agreed on
the following terms and conditions, to wit;
THE ASSIGNOR/TRANSFEROR, hereby waives all his / her rights and interests in the subject
life plan in favor of the ASSIGNEE/TRANSFEREE. It is understood that when the Life Plan is
assigned / availed of, then all obligations of St. Peter Life Plan, Inc. are fulfilled and discharged.
As a consequence of this assignment / transfer of rights, the ASSIGNEE/TRANSFEREE hereby
assumes all the obligations and accountabilities of the ASSIGNOR/TRANSFEROR to St. Peter
Life Plan, Inc. in connection with the life plan contract which it issued to the latter.
The ASSIGNEE/TRANSFEREE obligates and / or undertakes to comply with and abide by the
requirements which St. Peter Life Plan Inc. may impose in connection with the purchase,
possession, and use of the said Life Plan particularly the requirement that it should be fully paid
before the memorial service could be availed of pursuant to the Life Plan.
IN WITNESS WHEREOF the parties have hereunto set their hands on the date and place first
above written.
[ Assignor/Transferor]                           [Assignee/Transferee]

SIGNED IN THE PRESENCE OF:


[Witness]                                                    [Witness]
Disclaimer: Although much effort has been exerted in the creation of this article, the author
disclaims any legal expertise and does not guarantee the accuracy and legitimacy of any or all of
the information. Hence, it is advised that you consult with professionals such
as insurance brokers and lawyers before engaging in legal transactions.    

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