Get Collateral Assignment Of Life Insurance Policy Or Annuity Contract And Release Of Assignment Athene

Filling out the collateral assignment of life insurance policy or annuity contract and release of assignment form with Athene can seem daunting. This guide will help you understand each component of the form and provide clear instructions for completing it online.

Follow the steps to successfully complete the form online.

1. Click the ‘Get Form’ button to obtain the form and open it in your preferred editing tool.
2. Enter the policy or contract information in the designated fields. Include the policy/contract number, name of the insured or annuitant (if different from the owner), name of the owner, and name of any joint owner, if applicable.
3. In the assignment section (A), provide the name, address, and phone number of the assignee. Ensure you enter this information accurately to avoid future complications.
4. Review the rights assigned to the Assignee as detailed in Section B. Make sure you understand what rights are being transferred, such as the ability to collect policy proceeds and surrender the policy.
5. In Section C, confirm which rights are reserved and excluded from the assignment. This includes the rights to collect certain benefits and change beneficiaries. Write clearly to avoid misunderstandings.
6. Fill out Section D to specify that the assignment is made as collateral security for any existing or future liabilities to the Assignee.
7. Complete Section E, outlining the Assignee's agreements and covenants, ensuring you understand obligations related to handling policy proceeds and notifying the undersigned of intentions to exercise rights.
8. Next, provide the acknowledgment in Section 3, confirming your understanding that this document assigns an interest in an insurance policy or annuity contract.
9. Sign and date the required signatures section (Section 4) for both the owner and any joint owner, if applicable.
10. If applicable, complete Section 5 by having the assignee authorize the release of the assignment, including their printed name, signature, and date.
11. Lastly, ensure that any necessary home office acknowledgment is noted in Section 6. This is mainly for administrative use.
12. Once all sections are completed, save your changes, download a copy for your records, and securely submit or share the completed form as required.

Complete your documents online to take control of your life insurance or annuity assignments today.