State RegulationsFL specificDifficulty 3/5
Elena is the irrevocable beneficiary of Dan's Florida life policy. Dan and Elena divorce, and Dan now wants to name his adult son instead. Can he?
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Answer & full 3-part explanation (select an option above, or peek)
Why D is correct
An irrevocable beneficiary holds a vested interest in the policy, and under Florida life insurance provisions (Chapter 627, Florida Statutes) the policyowner cannot change an irrevocable designation without that beneficiary's written consent. Divorce does not strip away the vested interest - it survives the marriage. Practically, Dan needs Elena's signed consent, filed with the insurer, before his son can become the beneficiary.
Why the other options are wrong
- A) Divorce has no automatic effect on beneficiary rights, whether the designation is revocable or irrevocable.
- B) Irrevocable means vested, not contingent - the opposite of this option's premise.
- C) This overstates the rule: no court order is needed when the irrevocable beneficiary consents in writing to the change.
Memory hook
Irrevocable means she holds the pen too.