Beneficiary also means the person or organization named in a policy that will receive the life insurance in the event of an insurer’s death

In insurance, the person or organization named in a policy that will receive the life insurance in the event of an insurer’s death. – Someone to whom assets are transferred in a will (a person designated to receive any asset in a will). – A person or entity for whose benefit a trust has been established (the individual or organization who will benefit from the creation of a trust). – See destinar, legacy, endowment fund, bill of exchange.

Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent!
University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/