(2) The full name, and age, of the Assignee must be stated. (3) The actual consideration for the assignment received from the assignee should be written in.How to fill out the Assignment Questionnaire for LIC Policy Holders? Complete the Estate tax return for Clark Griswold based upon the facts presented below. Access essential forms for LIC transactions effortlessly. FORM OF ASSIGNMENT OF THE POLICY BY THE POLICY HOLDER IN FAVOUR OF THE CORPORATION FOR THE PURPOSE OF LOAN AGAINST THE POLICY I, the undersigned. An assignment is irrevocable, and cannot be changed later. DO NOT USE THIS FORM if you only wish to designate a beneficiary to receive your life insurance.