For an AD&D policy with an irrevocable beneficiary designation, a change in the beneficiary can ONLY be made:

Changes to beneficiaries are not tied to the timing of policy renewal. An irrevocable beneficiary designation restricts the policyowner's ability to change beneficiaries without consent, regardless of when the policy is renewed. Therefore, this choice does not reflect the conditions under which changes can be made.

While an absolute assignment can transfer ownership of the policy, it does not inherently allow for changes to the irrevocable beneficiary designation. The irrevocability means that the beneficiary's consent is required for any changes, independent of any assignments made.

This option suggests that changes can occur only after a beneficiary's death, which is not accurate. While the death of an irrevocable beneficiary would indeed allow for a change in designation, it is not the only circumstance under which changes can be made—consent from both parties is also necessary at any time.