What does Revocable Beneficiary mean? Read on to discover the definition & meaning of the term Revocable Beneficiary - to help you better understand the language used in insurance policies.
A revocable beneficiary is a beneficiary to an insurance policy that the policyholder has the right to remove or replace. This also gives the policyholder the option of discontinuing the policy.
We hope the you have a better understanding of the meaning of Revocable Beneficiary.