The-definition.com

Definition

Irrevocable beneficiary

Irrevocable beneficiary designation allowing no change to be made in the beneficiary of an insurance policy without the beneficiary’s consent.

Share it:  Cite

More from this Section

  • Stocks
    Stocks is traded on a stock exchange, these are shares in a company. Essentially, one ...
  • Counter trade
    Counter trade is the trade that includes barter, buy-back, counterpurchase, offset requirements, ...
  • Affordable Insurance Exchange
    A provision under the Affordable Care Act that creates an Affordable Insurance Exchange ...
  • Directed public share issue
    Directed public share issue means a share issue that is targeted at investors in a single ...
  • Representative office
    Representative office is the simplest organizational presence for a bank in foreign markets, ...