This is a person or entity entitled to the benefits of a financial account, usually upon the death of the account holder. As the owner of the benefit or asset, you can direct it to any person or group you desire. A beneficiary can also be an employee covered by their employer’s employee benefit plan.
Beneficiary
This is a person or entity entitled to the benefits of a financial account, usually upon the death of the account holder. As the owner of the benefit or asset, you can direct it to any person or group you desire. A beneficiary can also be an employee covered by their employer’s employee benefit plan.
