Step 1 - Print and Complete Form. Please read instructions on Page 4 before completing and executing this form.SECTION 1: Group life insurance program. IMPORTANT: Please read the instructions on page two before completing and returning the form to the address listed below. The first step a funeral home should undertake is to contact the insurance company and request its insurance assignment form. Complete, print, and sign this Assignment of benefits form (highlighted fields can be completed online then printed). Section 1103.055 - Designation of Beneficiary of Policy; Transfer or Assignment of Policy or Interest. The absolute assignment of a life insurance certificate has legal and tax implications. Once you have found the right loan, you must fill out the collateral assignment form. Your insurer will be able to provide you with this form easily.