0
The beneficiary is the person who receives the proceeds from a life insurance policy upon the death of the insured person.
In law, a beneficiary is one who is designated to receive something as a result of a legal arrangement or instrument. For example, a person may be the beneficiary of a will, trust, bank account, investment account or life insurance policy. On the other hand, a church, charitable organization, school, college, cemetery association, public television, hospital, museum, etc., could also be a beneficiary of a will, trust, account or insurance policy.
What else can I help you with?
What is the antonym of word beneficiary?
The antonym of beneficiary is benefactor.
How do you use beneficiary as a sentence?
The cows milk was beneficiary to the townspeople. use it as a descriptive word.
What is the root word to beneficiary?
Benifice
What page is the word beneficiary on in The Westing Game?
The word "beneficiary" appears on page 64 of The Westing Game by Ellen Raskin.
What does annuitized mean?
It is the beneficiary of an annuity.
Is beneficiary a verb or a noun?
The word beneficiary is a noun, a singular, common, abstract noun; a word fora person who benefits or is expected to benefit from something.
How would you use the word beneficiary in sentence?
He is the sole beneficiary of his uncle Ben. If Ben dies then he gets everything!
What is the adjective form for beneficiary?
The word beneficiary is a noun but is also used as an adjective. Examples: Noun: You are listed as the beneficiary on your Aunt Alice's life insurance. Adjective: The beneficiary result of saving your money is that you can afford that vacation.
What word correctly describes a person named in a will?
A beneficiary
Could the word beneficiary be a verb?
No it can not it would be a adverb
What is the Latin word for beneficiary?
It is bene, which means well.
How does the root help you understand it's meaning beneficiary?
Well, beneficiary means well or good. It helps you understand the meaning of the word because it tells you that the word means good.
