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.
The Money Management Newsletter: Taxes and Estate Matters. of Revocable and Irrevocable Beneficiaries. Money Management Newsletter, November 2002. Regardless of who it is that you appoint as your beneficiary, it is vital to determine whether you wish your beneficiary designation to be revocable or irrevocable. A revocable beneficiary is one that may be changed at any time by the policy owner without the knowledge or consent of the present beneficiary.