Beneficiary
One who receives benefits
A beneficiary is an individual, organization or entity that benefits from something, usually financial or legal. In finance, a beneficiary is a person or entity that receives assets such as money, property or investments from a trust or an insurance policy. In legal terms, a beneficiary is someone who is named as a recipient of some type of legal document, such as a will, a trust, or a life insurance policy. In healthcare, a beneficiary is typically a person covered by insurance, such as Medicare or Medicaid, or who receives healthcare benefits under an employer-sponsored plan. The term beneficiary can also be used more broadly to describe anyone who benefits from something or someone. For example, in a nonprofit organization, the beneficiaries might be the individuals or communities that the organization serves.
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