A beneficiary is a person designated to receive something,such as life insurance proceeds,from the insured.

Name: A beneficiary is a person designated to receive something,such as life insurance proceeds,from the insured.
Brand: Quizplus
Rating: 4.8 (55 reviews)

Question

Quizplus · Accepted Answer

A beneficiary is indeed the individual or entity designated to receive benefits or funds under a will, trust, insurance policy, or other contract upon the death or fulfillment of the conditions set by the policyholder or agreement.

A Beneficiary Is a Person Designated to Receive Something,such as Life