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. This document summarizes the assignment of a life insurance policy from a son to his wife for love and affection.Step 2: Complete a claim form correctly (the claim form must be a signed original – no file copies or photocopies will be accepted). How to fill out the Assignment Policy Form for Life Insurance? 1. Identify the policy and the assignee details. 2. Include the policy owner's name, address, and telephone number, and the policy number. Laws applicable to stock company.