A type of insurance beneficiary designation that is not able to be changed unless the company has the written consent of that beneficiary. Also called irrevocable beneficiary.
Related information about absolute beneficiary:
- Absolute Beneficiary Definition | Investopedia
A designation of a beneficiary that can not be changed without the written consent of that beneficiary. Also referred to as an "irrevocable beneficiary", absolute ...
- Absolute Beneficiary: Definition from Answers.com
Absolute Beneficiary A designation of a beneficiary that can not be changed without the written consent of that beneficiary. Also referred to.
- What is absolute beneficiary? definition and meaning
Definition of absolute beneficiary: A type of insurance beneficiary designation that is not able to be changed unless the company has the written consent of that ...
- absolute beneficiary Definition | Business Dictionaries from ...
provision in a life insurance policy that permits the policyowner to name anyone as primary and secondary beneficiaries. The policyowner may change the ...
- Are all Beneficiaries the same
Absolute Beneficiary - please refer to Irrevocable Beneficiary. * Contingent Beneficiary - the party named to receive policy benefits, but only in the case of death ...
- Absolute Beneficiary- Family Offices Group
Absolute Beneficiary definition: An absolute beneficiary is an irrevocable beneficiary that cannot be changed without written consent from said beneficiary.
- Absolute Beneficiary - Financial Dictionary - The Free Dictionary
The beneficiary of an insurance policy or a segregated fund who may not be deprived of his/her right to receive the benefit without his/her own consent.
- absolute beneficiary
absolute beneficiary. A provision in a life insurance policy stating that the beneficiary cannot be changed unless the insured obtains the beneficiary's consent.