What does revocable and irrevocable mean?

What does revocable and irrevocable mean?

Revocable: The beneficiary you choose can be changed at any time without the permission of that individual. Irrevocable: The beneficiary you choose cannot be changed without the written permission of that individual, or can be changed following a divorce, or the death of the designated beneficiary.

See also  What is the best policy in life?