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Beneficiary

Beneficiary Definition

(Insurance) The person or organization named in a policy that will receive the life insurance or other benefit payments in the event of an insurer’s death.

(Will) A person designated to receive property or income in a will.

(Trust) The individual who will benefit from the creation of a trust.
RELATED TERMS
Formal will
Trust
Trust fund
Will
RELATED CATEGORIES
Retirement Planning



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