Exam term

Irrevocable beneficiary

A beneficiary with a vested interest in the policy whom the owner generally cannot change, or take actions reducing that interest, without the beneficiary's written consent.

Lessons that use this term

Common policy provisions: beneficiary designations, grace period, and nonforfeiture options California
Core contract provisions: entire contract, insuring clause, free look, consideration, owner's rights Florida
Beneficiary designation rules Florida
Mandatory provisions III: physical exam, legal actions, and beneficiary/occupation changes Florida
Owner's rights Florida
Primary and contingent beneficiaries Florida
Core contract provisions: entire contract, insuring clause, free look, consideration, owner's rights New York
Beneficiary designation rules New York
Mandatory provisions II: claim notice, forms, proof of loss, and payment of claims New York
Beneficiary designation rules Texas
Mandatory provisions III: physical exam, legal actions, and beneficiary/occupation changes Texas
Owner's rights Texas