Who should read this?
Lenders making loans on the security of a life assurance policy.
The issues covered include:
- Types of policy
- Whether to take a legal assignment or an equitable assignment or charge?
- Issues where policies are written in trust under Section 11 of the Married Women's Property Act 1882
- Perfecting the assignment by notice
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The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.