The form can be completed online, then printed and signed. Click the link below and the form will open in a new window.1. Please complete the forms in BLACK ink to ensure that they are legible for processing. 2. Absolute Assignment and Transfer of Policy. Assignment of Life Insurance Policy Form. To start this process, file a Petition for Assignment with the probate court in the county where the decedent lived. Complete this form for the Collateral Assignment of Life insurance and Annuity contracts ONLY. It is important that you read and sign your name at the bottom of the page. Medicare Lifetime Assignment of Benefits.