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What statements is most correct concerning irrevocable beneficiaries?
Wiki User
∙ 8y ago
An irrevocable beneficiary is a beneficiary of an insurance policy or trust whom the policyholder or grantor cannot change without the beneficiary's consent. Once designated, the beneficiary cannot be removed or changed without their approval. Irrevocable beneficiaries have a vested interest in the policy or trust, providing them with more security and control over their inheritance.
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