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	<title>New answer on: What Is An Assignee On A Life Insurance Policy?</title>

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		<title>By: Peggy Mace</title>

		<link>https://www.insurancelibrary.com/life-insurance/what-is-an-assignee-on-a-life-insurance-policy</link>

		<dc:creator>Peggy Mace</dc:creator>

		<pubDate>Sat, 20 Jul 2013 12:29:23 +0000</pubDate>

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		<description><![CDATA[An assignee on a life insurance policy is a person or entity to whom life insurance proceeds would be paid to cover a debt or other obligation. Usually, the beneficiary of the policy is stated as the Insured&#039;s choice (e.g. spouse). Then an assignment form is filled out which would assign to the lender the amount that is owed at the time of the Insured-borrower&#039;s death. The remainder that is left after paying off the loan to the assignee, is given to the beneficiary.]]></description>

		

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