We are pleased to provide the enclosed form in response to your inquiry about assigning your group insurance as collateral security for indebtedness. From personal account info to policy changes and tax reporting, you'll find the forms and info you need here.Use the appropriate Property and Casualty or Life and Health Annual Statement Forms and Instructions. The University of Chicago Group Life Insurance benefit provides for payment in the event of your death to one or more designated Beneficiaries. A HFS 3195 form must be completed and received for each life insurance assignment. If you're looking to demystify life insurance or learn how it protects your financial goals check out our guides to help you get started.