Beneficiary : Definition An individual or organization designated to receive the benefits or proceeds from an insurance policy upon the occurrence of a specific event, such as the insured person's death, is referred to as a beneficiary in the context of insurance. This designation is important because it guarantees that the policyholder will receive the money they intended, giving them financial stability during a potentially trying time. The policyholder has the option to designate ... BENEFICIARY definition : 1. a person or group who receives money, advantages, etc. as a result of something else: 2. a…. Learn more. A beneficiary is someone who is helped or benefits from something, or who is legally entitled to receive money or property from someone when they die. Learn more about the word origin, pronunciation, and usage of beneficiary with Collins Dictionary. A beneficiary is simply the recipient of money or other benefits. So when your big sister finally moves away to college and you get to move into her bigger bedroom? You become a lucky beneficiary .
