An AOB gives the third party authority to file a claim, make repair decisions, and collect insurance payments without the involvement of the homeowner. How to fill out the Assignment Policy Form for Life Insurance?1. Identify the policy and the assignee details. 2. If multiple beneficiaries are assigning their portions of proceeds, all such beneficiaries must complete and sign the Assignment of. 1. Enter your property owner's information at the top. The application for life insurance benefits consists of the forms included in this packet, as well as the additional information noted under item 1 below.