Form 6.3 ASSIGNMENT OF LIFE INSURANCE POLICY AS COLLATERAL. D.This assignment is made and the Policy is to be held as collateral. assignment in the name and on. This form permanently transfers ownership of your FEGLI insurance to another individual, trustee. An assignment is irrevocable, and cannot be changed later. Download forms to make changes to your account. Release of Collateral Assignment Form (171.5 kb) Loan. Penn Mutual Sitemap. THE ASSIGNMENT OF LIFE INSURANCE AS COLLATERAL SECURITY FOR BANK LOANS. The assignment of life insurance as collateral. Assignment Form No. 10 of. Request for Collateral Assignment/. † authorize the collateral assignment requested on this form, which is subject to the terms and conditions of the policy, and Form Details. MassMutual. 6594 : Form Name: Assignment Of Annuity Policy As Collateral : Form Description: † authorize the collateral assignment requested on this form, which is subject to the terms and conditions of the policy. Collateral assignee’s signature. Collateral Assignment of Life Insurance Policy A. FOR VALUE RECEIVED, I (we). Mutual of Omaha Plaza Omaha, Nebraska 68175 ASSIGNMENT OF ANNUITY POLICY AS COLLATERAL A. Massachusetts Mutual Life Insurance Company or its MML affiliated Insurance Company (herein called the “Insurer,” Income Payment Information Change Request Form. Use this tool to access service forms to designate payees. © 2016 Massachusetts Mutual Life Insurance Company.