Frequently Asked Questions About Absolute Assignment

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1. How do I change the owner of my policy?

You may change ownership by completing an Absolute Assignment form in full.

When completing the form, keep in mind that if there are multiple current or new policyowners, all must sign.

Whenever one or more individuals are signing for a trust, corporation or other institution, be sure they each include their title with their signature.  If the new policyowner is a trust, please have the trustees complete a Trust Certification form.  If the new policyowner is a corporation or business, have the authorized officers of that business complete a Business Entity Ownership Certification.

Please note that when changing ownership, the new owner may also wish to change the beneficiary of the policy as well – please see Beneficiary Designation instructions.

Please call our Individual Client Service Department for additional assistance or questions.

 

For other Customer Service Requests please contact the home office 1-800-765-6668 or Contact Us.


 
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100 Court Street, PO Box 1625, Binghamton, New York 13902-1625 Phone: 1-800-346-7171
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