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Bookmark or Share- Beneficiary Definition & Meaning - Merriam-Webster1. : a person or thing that receives help or an advantage from something : one that benefits from something. the main beneficiaries of these economic reforms. 2. a. law : the person designated to receive the income of an estate that is subject to a trust (see trust entry 1 sense 3a) b.
- What Is A Beneficiary And How Do You Choose One? - BankrateIn general, there are two types of beneficiaries: a primary beneficiary and a contingent beneficiary. Here’s the difference: A primary beneficiary is first in line to receive any...
- What Is a Beneficiary? Definition, Types and How to ChooseA beneficiary is a person or entity who inherits assets from someone who died. People often name beneficiaries in their wills and on their financial accounts.
- What is a beneficiary? - Fidelity InvestmentsA beneficiary is a person or entity you designate to inherit your assets upon your passing, including retirement accounts, brokerage accounts, and insurance policy proceeds. Beneficiary designations should align with your overall estate planning goals and objectives.
- What Is a Beneficiary? How They Work, Types, and Examples - InvestopediaA beneficiary is a person (or entity) who is designated to receive the benefits of property owned by someone else. Beneficiaries often receive these benefits as part of an inheritance.
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