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19-08-2019
Social Studies

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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?

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Аноним Аноним

21-08-2019

Answer: this type of designation is called irrevocable.

Explanation:

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

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