Which beneficiary designation should J choose to maintain the right to change beneficiaries?

Choosing a revocable beneficiary designation allows the policyholder, in this case, J, to maintain the right to change beneficiaries at any point after the policy is issued. This flexibility is essential for individuals who may want to adjust their beneficiary choices due to personal circumstances, such as marriage, divorce, or changes in relationships.

In contrast, an irrevocable beneficiary designation locks in the named beneficiary, meaning that J would not have the authority to change this beneficiary without their agreement. Sole beneficiary simply refers to having one designated beneficiary but does not inherently grant the right to change the designation, as it could be either revocable or irrevocable. A contingent beneficiary is simply an alternate beneficiary who would receive the benefits if the primary beneficiary cannot, but does not itself affect the ability to change the primary beneficiary designation.