MLchartDataset catalogue

Revocable beneficiary

Term · Insurance and risk management · MLC-T-INS-002953

A designated recipient of life insurance policy proceeds whose designation can be changed by the policyholder at any time without the beneficiary's consent. The policy owner retains full control over the policy, including the right to alter or remove the beneficiary. This contrasts with an irrevocable beneficiary, whose consent is required for changes.

Table 1. Record
IdentifierMLC-T-INS-002953
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-002953",
  "term": "Revocable beneficiary",
  "field": "Insurance and risk management",
  "definition": "A designated recipient of life insurance policy proceeds whose designation can be changed by the policyholder at any time without the beneficiary's consent. The policy owner retains full control over the policy, including the right to alter or remove the beneficiary. This contrasts with an irrevocable beneficiary, whose consent is required for changes.",
  "url": "https://mlchart.com/terminology/insurance/revocable-beneficiary/"
}

Record 3,027 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.