If the Collateral Assignment is to be released, the Assignee must complete a collateral release form dated prior to the Absolute Assignment. How to fill out the Assignment of Benefits and Release of Information Form?1. Read the form instructions and terms carefully. 2. I have assigned all my rights, title, interests and incidents of ownership, both present and future, under the above Life. Name and address of the person or entity to whom all right, title and interest under the policy are being assigned. 2.