In this agreement: "I," "me," and "my" refer to the policy owner named above. If the Collateral Assignment is to be released, the Assignee must complete a collateral release form dated prior to the Absolute Assignment.Section 1103.055 - Designation of Beneficiary of Policy; Transfer or Assignment of Policy or Interest. Listing of all TDI forms. Use this form to name a new Absolute Assignee (Owner). An Absolute Assignee is entitled to exercise all ownership rights and receive the death benefit. Name and address of the person or entity to whom all right, title and interest under the policy are being assigned. 2. This is an absolute assignment form. It should not be used in connection with collateral or viatical assignments. 2.