How should Bonnie name her husband in her life policy if she wants to retain all rights of ownership?

In naming her husband in her life policy, Bonnie should choose to designate him as a revocable beneficiary if she wants to retain all rights of ownership. When a beneficiary is named as revocable, it means that Bonnie can change the beneficiary designation at any time without needing the consent of the beneficiary. This flexibility allows her to maintain control over her policy.

On the other hand, an irrevocable beneficiary designation would mean that Bonnie cannot change the beneficiary without the consent of her husband, thereby relinquishing some ownership rights. Naming her husband as a contingent beneficiary signifies that he would only receive benefits if the primary beneficiary cannot claim them, which does not hold the same intent as wanting him as a direct recipient. Naming him as a primary beneficiary would grant him rights to the death benefit but does not secure ownership rights for Bonnie if he is named irrevocably. Therefore, choosing a revocable beneficiary designation clearly aligns with her wish to retain full ownership and control of the life insurance policy.