What does Absolute Beneficiary mean? Read on to discover the definition & meaning of the term Absolute Beneficiary - to help you better understand the language used in insurance policies.
An absolute beneficiary is a beneficiary of a life insurance plan who will, by law, remain the beneficiary unless and until they consent to changing their status as beneficiary. In other words, an absolute beneficiary is someone who is definitively a beneficiary, and other parties do not have any legal grounds for disputes nor the ability to change that status without their permission.
We hope the you have a better understanding of the meaning of Absolute Beneficiary.