Ownership and assignment changes

Changing a policy owner

An ownership change will transfer rights, title and interest in a policy from the current policy owner(s) to another party. The current policy owner can change ownership at any time during the life of the insured. We encourage you to talk with your insurance professional to discuss the available options.

You can initiate this change by:

  • Reviewing your current information by logging in to your account online. Log in
  • Initiating the change by:
  • Printing and faxing, emailing or mailing the Ownership Change for Life policy form here under the Find a form tab. For contact information, please use the contact information on the form.

For additional questions, please contact:

  • Customer Care here and speak with a Customer Care Professional.
  • Your insurance professional. Don’t have an insurance professional? Find an advisor.

Notifying Lincoln that a policy has been assigned

  • A policy owner can assign a policy as collateral in securing a loan.
  • It’s the policy owner's responsibility to notify the company that a policy has been assigned. Lincoln will file the policy assignment, and the recorded assignment will restrict the policy owner's rights.
  • Lincoln will update correspondence records and send appropriate correspondence to the assignee if the policy is in danger of lapsing.
  • The assignment will remain on the policy until the assignee provides a written release.

You can initiate this change by:

  • Reviewing your current information by logging in to your account online. Log in
  • Initiating the change by:
  • Printing and faxing, emailing or mailing the Assignment of Life Insurance or Annuity Policy as Collateral Security form found here under the Find a form tab. For contact information, please use the contact

For additional questions, please contact:

  • Customer Care here and speak with a Customer Care Professional.
  • Your insurance professional. Don’t have an insurance professional? Find an advisor.

Notifying Lincoln that a policy's assignment has been released

  • The collateral assignment remains on a policy until the assignee notifies Lincoln that the assignment is no longer required.
  • Lincoln will record the release of policy assignment upon proper notification, and the release of assignment will remove the ownership restrictions.

You can initiate this change by:

  • Contacting your insurance professional. Don’t have an insurance professional? Find an advisor.
  • You can also submit a request in writing, and fax or mail it to us.
  • For our fax number/mailing addresses or if you need assistance, please contact us via the contact information on the previous page or use the contact information listed on the form.