Insurance Glossary

Industry jargon and unfamiliar terminology can be confusing.

No insurance resource would be complete without a helpful menu of terms and concepts. This information-rich list will help you make sense of the solutions you are considering.

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Beneficiary: Irrevocable

A life insurance policy beneficiary who has a vested interest in the death benefits. The policy owner can't make any changes to the policy without obtaining the beneficiary's consent.