Transfer of Ownership - 10136 - AAA Life Insurance Company: Fill out & sign online

Here's how it works

01. Edit your form online

Type text, add images, blackout confidential details, add comments, highlights and more.

02. Sign it in a few clicks

Draw your signature, type it, upload its image, or use your mobile device as a signature pad.

03. Share your form with others

Send it via email, link, or fax. You can also download it, export it or print it out.

How to use or fill out Transfer of Ownership - 10136 - AAA Life Insurance Company

Ease of Setup

DocHub User Ratings on G2

Ease of Use

DocHub User Ratings on G2

Click ‘Get Form’ to open it in the editor.
Begin by entering the Contract Number and Annuitant Name at the top of the form.
In the 'Current Owner(s) Details' section, fill in the legal names and phone numbers of all current owners. If there is a joint owner, include their information as well.
Proceed to the 'New Owner(s) Details' section. Enter the new owner's legal name, date of birth or trust date, and Social Security or Tax ID number. If applicable, provide details for a trustee.
If there is a new joint owner, repeat step 4 for their details.
Ensure all signatures are completed in the designated areas by both current and new owners. Remember to include dates next to each signature.
Review all entries for accuracy before submitting your form through our platform.

Start using our platform today to easily complete your Transfer of Ownership form for free!

be ready to get more

Complete this form in 5 minutes or less

Get form

Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

Contact us

Can a life insurance policy be transferred to another person?

Section 45 of the Insurance Act protects policyholders by stating that no life insurance claim can be denied for any reason after 3 years from the date of policy issuance, risk commencement, revival, or rider addition whichever is later.

Is changing ownership on an annuity a taxable event?

Yes, however depending on the status of the new owner, the change may result in a taxable event. Non-taxable ownership changes: a change in ownership to the owners grantor trust, to a spouse or to the spouses grantor trust does not result in immediate tax consequences.

Can I transfer ownership of a life insurance policy?

If you have an individual life insurance policy, you can transfer ownership of it. This applies to both term life insurance policies and permanent life insurance policies. However, the reasons for transferring are usually different for each.

What are the tax consequences of transferring ownership of a life insurance policy?

Who is Responsible for the Transfer of Car Insurance Policy? Inform the insurance provider about the sale and share necessary details with them. Cancel the existing policy for the sold vehicle from their end. Obtain an NOC from the financier if the vehicle is under a loan. Hand over relevant documents to the new owner.