Your question is kind of vague but basically if you are the owner or beneficiary of the policy the insurance company will discuss the beneficiary with you.
You are contradicting yourself, you are saying you are the beneficiary and yet you are saying "without the beneficiary's approval" . Not making sense. I suggest you discuss this with all parties involved and try to get unanimous apporval. Who really cares what the monument says? Is it worth family tension and the pain of losing a loved one? 4lifeguild
No, not without that persons consent. Not to mention that person would have to qualify.
A trustee and a beneficiary are essential to a trust. Without a trustee and a beneficiary there is no valid trust. They should not be the same person.
The insured can never amend his insurance policy without the consent of his irrevocable beneficiary because this act would lessen or diminish what is due to the irrevocable beneficiary and thus considering that this is a diminution...consent of the IR beneficiary is necessary.
churches
ICl5
Absolutely
Avoid stepping on an ant
Without a license, yes.
mp3humgama
Yes. The policy is controlled by the "owner"of the policy. If the insured person is the owner, then the beneficiary should be written as "irrevocable." An "irrevocable" beneficiary can only be changed with the consent of that beneficiary, regardless of who the policy "owner" is. Hope this helps.
The proceeds of the insurance policy are not effected as long as there is a named beneficiary. If the estate is the beneficiary than the proceeds are subject to probate and taxation.