Redwood Benefits: Change Beneficiary

Hi,

There is a new Feature in Redwood where employee have Change Beneficiary under Quick Actions:

Question:

1. What is the purpose of this?
2. When an employee use this without Life Event occurred and change the Beneficiary: The effective date of the change is not visible or effective date of any beneficiaries on any page. You can't select the effective date and it back dates to the effective of the last event. Is there any way we can add a date when employee use this? or can you please elaborate what is the purpose of this?

Please see below where there is no Date of change indicated: