What is a beneficiary?
The Bankrate.com financial term of the day is: "beneficiary."
Before your time on this earth is up, you need to think about who'll get what you leave behind, such as the proceeds of your life insurance policy. You could choose a close relative, a trusted friend or a charity to be your beneficiary. That means one who gains from something such as a life insurance policy or a will.
A beneficiary is a person or entity you protect or entrust with the rewards of your life upon your death.
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