If Bonnie wants to retain all ownership rights while naming her husband as a beneficiary, what type of beneficiary designation should she choose?

Choosing a revocable beneficiary designation allows Bonnie to retain all ownership rights over the policy while naming her husband as a beneficiary. With a revocable beneficiary, she can change the beneficiary at any time without needing the consent of the named beneficiary. This flexibility means she maintains full control over the policy, including the rights to adjust or revoke the beneficiary designation as her circumstances change.

In contrast, an irrevocable beneficiary would require her to relinquish certain rights, as she would no longer be able to alter the beneficiary without the agreement of the irrevocable beneficiary. While secondary and tertiary beneficiaries are terms used to designate additional beneficiaries in case the primary beneficiary is unavailable, they do not relate to ownership rights or the ability to change the designated beneficiary. Thus, for Bonnie to hold all ownership rights while naming her husband as a beneficiary, a revocable beneficiary is indeed the appropriate choice.