(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 this form for the Collateral Assignment of Life insurance and Annuity contracts ONLY. Access essential forms for LIC transactions effortlessly. How to fill out the Assignment Policy Form for Life Insurance? 1. Identify the policy and the assignee details. 2.