Absolute Beneficiaries financial definition of Absolute Beneficiaries
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Irrevocable Beneficiary

(redirected from Absolute Beneficiaries)

Irrevocable Beneficiary

The beneficiary of an insurance policy or a segregated fund who may not be deprived of his/her right to receive the benefit without his/her own consent. This differs from other types of beneficiaries whose benefit may be changed or eliminated at the discretion of the policyholder or other appropriate party.


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