单词 | assign a policy |
释义 | assign a policy in Insurance (əsaɪn ə pɒlɪsi) Word forms: (present) assigns a policy, (past) assigned a policy, (perfect) assigned a policy, (progressive) assigning a policy phrase (Insurance: Life insurance) policyIf you assign a policy, you transfer legal ownership of an insurance policy to another person. The policy may be assigned to someone else by written request of the current owner. Since a whole life policy has a cash value component, it may be considered an asset;but assigning the policy to a trust means that it can no longer be considered an asset for that individual. If you assign a policy, you transfer legal ownership of an insurance policy to another person. |
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