How to fill out the Assignment Policy Form for Life Insurance? 1. Identify the policy and the assignee details. 2.If the Collateral Assignment is to be released, the Assignee must complete a collateral release form dated prior to the Absolute Assignment. This Accelerated Death Benefit is NOT a long term care policy or a nursing home insurance policy. You may use the Accelerated Death Benefit for any purpose. 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. The Clerk's Office shall provide the party with Form CCF-5.