Question

A policyowner would like to change the beneficiary on an accidental death and dismemberment insurance policy and make the change permanent. Which type of designation would fufill this need?

Answer 1

Answer: this type of designation is called irrevocable.

Step-by-step explanation:

Even the insured cannot change the status of an irrevocable beneficiary once they are named. Children are often named irrevocable beneficiaries.