beneficiary
Insurance policy designee
A beneficiary is someone who receives a benefit, especially from a will, trust, insurance policy, or financial arrangement: She named her daughter as the sole beneficiary.
The term extends to anyone who gains advantage from something: The real beneficiaries of the tax cut were corporations.
In legal and financial contexts, the beneficiary is the designated recipient of funds or assets upon certain conditions being met.
One who receives legacy
- estateProperty and grounds
- willFaculty of deliberate choice
- testamentWritten proof or legacy
- bequestGift left by will
successor · descendant · lineage · heirloom · probate · intestate · patrimony · birthright
One who receives something
- charityVoluntary aid for others
- donationVoluntary charitable gift
- philanthropyGenerous giving for others
- grantBestow or award money
scholarship · endowment · fellowship · subsidy · relief · welfare · assistance · nonprofit
Owner of insurance contract
- payoutMoney distributed to recipient
- claimStatement of ownership or truth
- premiumAdded cost for better
- annuityPeriodic fixed payment
proceeds · life insurance · contingent · irrevocable · designated · coverage · underwriting · settlement
Feeling gratitude expressed
- appreciationRecognition of worth
- acknowledgmentConfirmation of receipt
- gratefulnessState of being thankful
- indebtednessState of owing money
recognition · blessing · tribute · grace · thanksgiving · indebted · beholden · obliged
One managing another's assets
- settlorTrust's founding party
- fiduciaryAgent bound by loyalty
- grantorOne who transfers rights
- corpusAssembled written works
irrevocable · revocable · living trust · blind trust · discretionary · vested · principal · charitable trust
heir
One who receives legacy
bequest · successor · descendant · lineage · heirloom · probate · intestate · patrimony · birthright · scion
recipient
One who receives something
- charityVoluntary aid for others
- donationVoluntary charitable gift
- philanthropyGenerous giving for others
grant · scholarship · endowment · fellowship · subsidy · relief · welfare · assistance · nonprofit · contribution
policyholder
Owner of insurance contract
- payoutMoney distributed to recipient
- claimStatement of ownership or truth
- premiumAdded cost for better
annuity · proceeds · life insurance · contingent · irrevocable · designated · coverage · underwriting · settlement · primary
thankful
Feeling gratitude expressed
- appreciationRecognition of worth
- acknowledgmentConfirmation of receipt
- gratefulnessState of being thankful
indebtedness · recognition · blessing · tribute · grace · thanksgiving · indebted · beholden · obliged · grateful
trustee
One managing another's assets
corpus · irrevocable · revocable · living trust · blind trust · discretionary · vested · principal · charitable trust · spendthrift
- bankingbank, banks, ATM, ATMs, account
- banking termsaccount number, routing number, balance, FDIC, bank statement
- health insurancepremium, deductible, copay, coverage, health insurance card
- heirsheir apparent, heir presumptive, heiress, heirs, inheritor
- pension termsannuity, annuities, lump sum, pension fund, pension rights
- government pensionsretirement pay, federal pensions, pension fund, pension plans, annuities
beneficiarybenefactor
One who gives aid
donor · giver · contributor · provider · patron
- beneficial bacteriaHealth-promoting microorganisms
- beneficial ownershipWho truly holds assets
- mutually beneficial
- beneficial microbes
- beneficial insectsArthropods aiding agriculture