Under which beneficiary designation is the policyowner prohibited from making changes to the policy without the beneficiary's written consent?

• A. Revocable beneficiary
• B. Irrevocable beneficiary
• C. Contingent beneficiary
• D. Primary beneficiary

Answer: (B)

The main idea here is that an irrevocable beneficiary creates a protected interest in the policy’s proceeds. When a beneficiary is named irrevocable, the policyowner cannot change or remove that beneficiary without the beneficiary’s written consent. This ensures the beneficiary’s claim remains intact regardless of changes in the owner’s circumstances.

If the designation were revocable, the policyowner could update or change the beneficiary without needing anyone’s permission, so the consent requirement wouldn’t apply. Contingent or primary describe the order of payout, not the owner’s ability to change protected rights; they don’t inherently restrict the owner from modifications the way an irrevocable designation does.