# 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

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- Modified: 2023-07-25T20:59:07+00:00
- Language: en

## Definition

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/

## Machine-readable

- Generator: Merk Knowledge 1.1.1