An irrevocable beneficiary has certain rights to policy proceeds not shared by revocable beneficiaries. For example, an irrevocable beneficiary must grant permission for the policy owner to borrow from the cash value

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An irrevocable beneficiary has certain rights to policy proceeds not shared by revocable beneficiaries. For example, an irrevocable beneficiary must grant permission for the policy owner to borrow from the cash value

A.True

B.False

Answer: A.True

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