Quick Answer
A beneficiary is a designated entity or individual that receives insurance benefits after the insured individual passes away.
A beneficiary is a designated entity or individual that receives insurance benefits after the insured individual passes away.
A beneficiary is a named person, trust, or legal entity designated to receive benefits from an insurance policy after death. These benefits may include a return of premium, a death benefit, or reimbursement for care provided before the individual passes away.
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