TRANSFER / ASSIGNMENT OF RIGHTS
KNOW ALL MEN BY THESE PRESENTS:
of legal age, Filipino and with postal address
Herein after as the TRANSFEROR / ASSIGNOR.
of legal age,
Filipino and with postal address at
referred as the
TRANSFEREE / ASSIGNEE.
I T N E S S E T H
the TRANSFEROR / ASSIGNOR is the owner of life / memorial plan contract which
is identified as Plan Type ______________, LPA No. ___________;
for and in consideration of the value of the plan and out of accommodation and
assistance for the TRANSFEREE / ASSIGNEE, the TRANSFEROR / ASSIGNOR is
assigning and transferring all his/her rights and interests over the Life Plan
mentioned in the immediately preceding paragraph to the TRANSFEREE / ASSIGNEE;
therefore for and in consideration of forgoing premises, the parties hereto
have agreed on the following terms and conditions, to wit;
1. THE TRANSFEROR / ASSIGNOR, hereby waives all
his / her rights and interests in the subject life plan in favor of the
TRANSFEREE / ASSIGNEE. It is understood that when the Life Plan is assigned /
availed of, then all obligations of St. Peter Life Plan, Inc. are fulfilled and
2. As a consequence of this assignment /
transfer of rights, the TRANSFEREE / ASSIGNEE hereby assumes all the
obligations and accountabilities of the TRANSFEROR / ASSIGNOR to St. Peter Life
Plan, Inc. in connection with the life plan contract which it issued to the
3. The TRANSFEREE / ASSIGNEE 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.
WITNESS WHEREOF the parties hereto have signed this instrument this ___________day
, 20 _____ at Quezon City.
SIGNED IN THE PRESENCE OF: