When can a policy owner change a revocable beneficiary?

A revocable beneficiary can be changed by the policy owner at any time, as long as they are alive and the policy is in force. This flexibility is a key feature of revocable beneficiaries, which allows the owner to adjust who will receive the death benefit if circumstances change, such as changes in relationships, financial situations, or personal preferences.

Unlike irrevocable beneficiaries, whose rights cannot be altered without their consent, revocable beneficiaries provide policy owners with the autonomy to make updates whenever they deem necessary. This ensures that the policy aligns with the policy owner's current wishes and intentions regarding their life insurance coverage.

The other options imply limitations or specific conditions that do not apply to revocable beneficiaries, making them incorrect. For example, suggesting changes only at policy renewal, after a set period, or when sending a claim ignores the fundamental characteristic of revocable beneficiaries that allows for continuous management by the policy owner.