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Investments glossary

Irrevocable Beneficiary


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Quotes of the day:

Everyone got caught up in the debate of deflation, Greece and the Ukraine crisis and so expectations were quite low, it now seems the deflation story is a positive one for the euro zone since cheaper oil means consumers spend less on energy and have more money in their purse.

— Christian Schulz

An irrevocable beneficiary is a beneficiary in a life insurance policy or segregated fund contract. The beneficiary must agree to any changes in the rights to compensation from these entities.


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