What does a Revocable Beneficiary allow?

What does a Revocable Beneficiary allow?

• A. Beneficiary cannot be changed.
• B. Policyowner may change beneficiary at any time.
• C. Beneficiary is fixed for life.
• D. Beneficiary is automatically the spouse.

Answer: (B)

Revocable beneficiary means the policyowner remains in control of who receives the death benefit and can change that designation at any time without needing the beneficiary’s consent. This flexibility is the defining feature: you can name someone else, adjust shares, or revoke the designation altogether as life circumstances change. The other ideas describe either a fixed or unchangeable setup (beneficiary cannot be changed or fixed for life) or a specific automatic choice (spouse) that isn’t required by revocable designations.

Revocable beneficiary means the policyowner remains in control of who receives the death benefit and can change that designation at any time without needing the beneficiary’s consent. This flexibility is the defining feature: you can name someone else, adjust shares, or revoke the designation altogether as life circumstances change. The other ideas describe either a fixed or unchangeable setup (beneficiary cannot be changed or fixed for life) or a specific automatic choice (spouse) that isn’t required by revocable designations.