Beneficiaries✓ Verified · outline & fact-checked · Sep 2026Difficulty 1/5
A revocable beneficiary designation means the policyowner may:
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Answer & full 3-part explanation (select an option above, or peek)
Why A is correct
Most life insurance beneficiaries are named revocably, which means the policyowner retains the right to change the beneficiary at any time while the policy is in force, without the beneficiary's consent or even knowledge. Revocable is the default status in most policies. Because the designation is revocable, the beneficiary holds no vested right in the proceeds until the insured dies. The change becomes effective when the insurer is properly notified and records it. An irrevocable designation, by contrast, requires the beneficiary's consent to any change because the beneficiary holds a vested right.
Why the other options are wrong
- B) Consent is required only when the beneficiary has been designated irrevocably. A revocable designation leaves the owner free to act alone.
- C) There is no one-change limit on a revocable designation. The owner may change it as often as desired while the policy is in force.
- D) Only an irrevocable designation prevents changes without consent. A revocable one allows the owner to change the beneficiary freely.
Memory hook
Revocable means the owner keeps the remote control.