In an irrevocable beneficiary designation, whose signature is required to change the designation?

• A. Policyowner's signature
• B. Insurer's signature
• C. Beneficiary's signature
• D. No signature required

Answer: (C)

An irrevocable beneficiary designation means the named beneficiary has a protected interest in the policy. The policyowner cannot change or revoke that designation without the beneficiary’s consent. To effect any change, the irrevocable beneficiary must sign to indicate their agreement (or to release their interest) on the change form. This preserves the beneficiary’s rights and prevents unilateral changes by the owner. The insurer’s signature isn’t required for the change, and the policyowner’s signature alone isn’t enough because it would bypass the irrevocable protection. If the beneficiary won’t sign, the designation cannot be changed.