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What is assignment of benefits?
Apr 06, 2014
Assignment means that you transfer ownership and control of your Basic, Option A, or Option B insurance (if you have these coverages) to the assignee(s). Thereafter, premiums will continue to be withheld from your salary, annuity, or injury compensation payment. You will not be able to cancel your life insurance coverage or cancel the assignment.

Assignment typically is done under court order in divorce cases or for estate planning purposes.

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