What Is Environment, Health and Safety (EHS) Management? Today, Environment, Health & Safety (EHS) programs are so prevalent across global manufacturing organizations, at first thought, providing a definition can feel redundant and unnecessary.
1 irrevocable beneficiary A life insurance or segregated fund beneficiary whose benefit cannot be revoked or modified in any way without his or her consent.  life insurance An arrangement where an insurer agrees to pay a benefit to one or more beneficiaries in the event of the policyholder's death.
A trust which cannot be changed or canceled once it is set up without the consent of the beneficiary. Contributions cannot be taken out of the trust by the grantor. Irrevocable trusts offer tax advantages that revocable trusts don't, for example by enabling a person to give money and assets away even before he/she dies. Opposite of revocable trust. For more information see: 6 Types of Irrevocable Trust and their Benefits at InvestorGuide.com.