George is the owner and insured on a 30 year term life insurance policy. He has dutifully paid policy premiums for the past ten years. George wants to change the revocable beneficiary to Benny, his mentor at work. Which of the following is true about this situation?

• A. He cannot change the beneficiary to Benny because there is no insurable interest
• B. George has the right to change the beneficiary to Benny
• C. If Benny becomes the beneficiary and George passes away, the policy death benefits will not be paid out due to lack of insurable interest
• D. Benny can only become the beneficiary if his beneficiary status is changed to irrevocable