If an insured named a primary and secondary revocable beneficiary, what can the insured do?

The insured has the flexibility to manage their policy and its beneficiaries when they are designated as revocable. This means they can change the beneficiaries at their discretion without needing the consent of the current beneficiaries. When a primary and secondary beneficiary are named, the insured can indeed add a third beneficiary if they choose to, which allows for adjustments in their estate planning or financial considerations.

This flexibility is a key characteristic of revocable beneficiaries, enabling the insured to respond to changing personal circumstances or preferences over time. The ability to add a third beneficiary expands the options available for the insured in terms of wealth distribution or coverage in the event of their passing.

The other options present certain restrictions or conditions that do not apply here, which is why they do not align with the rights granted to the insured under a revocable beneficiary designation.