Change of Beneficiary
The beneficiary of an in-force policy may be changed while the insured is alive by completing and returning a Change of Beneficiary Designation form. This form is available on AssureLINK or by contacting Customer Connections, as detailed in the About Assurity section. Return of the policy is not required.
Change of Ownership
The owner of an in-force policy may be changed while the insured is alive by completing and returning an Ownership Transfer form. This form is available on AssureLINK or by contacting Customer Connections, as detailed in the About Assurity section. Return of the policy is not required.
Assignments
The policyowner may transfer, or assign, some or all of the policy rights to another person or organization by completing and returning a Collateral Assignment for Life Insurance form. This form is available on AssureLINK or by contacting Customer Connections, as detailed in the About Assurity section. The form is returned to the assignee and a copy retained by Assurity.
Policy Changes
The policyowner may request coverage changes by completing and returning an Application for Change to Life Policy form. This application is available on AssureLINK or by contacting Customer Connections, as detailed in the About Assurity section. Return of the policy is not required.
Term Policy or Term Rider Conversion
All or part of the face amount may be converted to a new policy of permanent insurance without submitting evidence of insurability for a period beginning on the issue date and ending on the earlier of:
•one year before the end of the level term period for the 10-year plan,
•two years before the end of the level term period for the 15-, 20- and 30-year plans, or
•the policy anniversary on which the insured reaches attained age 65.
Premiums for the new policy will be based on the insured’s gender, underwriting class, age and Assurity rates in effect on the new policy's issue date.
The policyowner may request conversion by completing and returning an Application for Policy Conversion. An application is available on AssureLINK as detailed in the About Assurity section. Any unearned premium can be applied toward the initial premium for the new policy.