What is a true statement about survivor benefits under a qualified retirement plan?

Survivor benefits under a qualified retirement plan typically require written consent from the insured's spouse. This requirement is in place to protect the interests of the spouse, ensuring that they are informed about any decisions related to the retirement benefits that may impact their financial security after the account holder's death.

The spousal consent requirement is particularly important in qualified plans because it addresses the possibility of the plan owner wanting to designate someone other than their spouse as the primary beneficiary. Without obtaining the spouse's consent, the plan may not be able to provide survivor benefits to another individual.

This framework is designed to uphold the rights of spouses in marriage and ensure that both parties are involved in significant financial decisions that could affect their future. Other options lack this nuanced understanding of spousal rights in the context of retirement benefits.