Fred is a member of his employer sponsored group benefits plan, which includes life insurance with a death benefit of 2 times his salary. Which of the following statements best describes Fred's options for changing the beneficiary designation on his plan? Question 26 options: A) Fred can change the beneficiary designation by completing a beneficiary change form. B) Fred cannot change the beneficiary designation on his plan. C) Fred can change the beneficiary designation on his plan at a maximum of once per year. D) Fred's employer must be the beneficiary of Fred's plan