The "Assignee" is the person(s), firm(s), or trust(s) (usually named on an Assignment form, RI 76-10) who owns and controls the Insured's life insurance. If the Collateral Assignment is to be released, the Assignee must complete a collateral release form dated prior to the Absolute Assignment.Read New York Life Ins. Incoming first-year students need to fill out the Housing Application and Room Selection Forms on the College's StarRez Housing Portal. Due: Tuesday, October 26. When it is appropriate to purchase life insurance?