What Does Beneficiary Mean?

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What does Beneficiary mean? Read on to discover the definition & meaning of the term Beneficiary - to help you better understand the language used in insurance policies.

Beneficiary

Beneficiary

an individual who may become eligible to receive payment due to will, life insurance policy, retirement plan, annuity, trust, or other contract.

We hope the you have a better understanding of the meaning of Beneficiary.

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