Life Policy ProvisionsQuestion 166 of 716
An insured names her spouse as primary beneficiary on an irrevocable basis. Several years later she wants to change the beneficiary. What must she do?
a.Simply file a new signed beneficiary designation form
b.Wait until the next annual policy anniversary date
c.Surrender the policy and apply for an entirely new contract
d.Obtain the written consent of the irrevocable beneficiary
Explanation
An irrevocable beneficiary has a vested interest in the policy. The owner cannot change the beneficiary, surrender the policy, take a loan against cash value, or assign the policy without the irrevocable beneficiary's written consent.
Law Reference: Cal. Ins. Code §10130This topic, taught in full in the California Life & Health Insurance Producer Exam guide. California Life & Health Insurance Producer Exam — Complete Study Guide (2026) — PDF + EPUB, $19.99 · 14-day refund →
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Related questions on this topic
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PrepPass team · Verified against California Life & Health Insurance License Exam · How we review
Reviewed by John Zihao Zhang — California-Licensed Life Insurance Agent (CA Dept. of Insurance License #4396095 — verify)