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Our Document Preparation Program prepares the insurance specific paperwork for the beneficiary to sign, taking the guesswork out of what is needed. A restoration company is entitled to full and complete payment for services rendered and an Assignment of Benefits is one way to obtain payment.This page explains assignment of insurance benefits. Vendors soliciting AOBs from policyholders are typically associated with property insurance, auto repair, and personal insurance claims. (a) To assign insurance, an insured individual must complete an approved assignment form. Whole Life — This is the amount the insurance company will pay the beneficiaries named on the policy upon the death of the policyholder.