Who Is Assignee In Life Insurance? 
The Assignee in Life Insurance is the person , organization , business , or other entity to whom the policy proceeds are assigned . E.g. . The assignee may be a lender who will receive the death benefit upon the death of the person owing the debt . However , the assignee only receives the remaining debt that is owed to them ; the excess of the life insurance proceeds go to the beneficiary listed on the policy . 