Which statement about an irrevocable beneficiary is accurate?

Which statement about an irrevocable beneficiary is accurate?

• A. The policy owner can freely change the beneficiary at any time.
• B. The policy owner can surrender the policy without the beneficiary's consent.
• C. The policy owner cannot borrow against the policy.
• D. The policy owner must obtain the irrevocable beneficiary's consent to changes that affect the beneficiary's rights, such as surrender or borrower rights.

Answer: (D)