Beneficiary
What Does 'Beneficiary' Mean?
This is a named person, trust, or other legal entity which you can designate in a Long-Term Care Insurance policy to receive benefits from your policy after your death.
More Information
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.