A policy owner may change the beneficiary designation without consent unless it is what type?

The correct answer is that a policy owner may change the beneficiary designation without consent unless it is irrevocable. An irrevocable beneficiary designation means that once the policy owner names the beneficiary, they cannot change that designation without the express consent of the irrevocable beneficiary. This is designed to protect the beneficiary's right to the policy benefits and ensures that their financial interest is secured. In contrast, designations that are temporary, revocable, or conditional do not impose this restriction. A revocable designation allows the policyholder to change the beneficiary at any time without needing consent from the beneficiary, while temporary and conditional designations do not carry the same permanence or security as an irrevocable designation.