Beneficiary |
| "The person, estate, charity, or other recipient named in a life insurance policy to receive the policy holder’s death benefit. The whole idea of buying life insurance is to provide for the ones you love in the event of your death. The person or persons to whom the death benefit is to be paid is known as the beneficiary, or beneficiaries. |
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MortGage Glossary And Calculator |
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Financial Glossary |