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Beneficiary

A beneficiary is an individual or entity designated to receive benefits from a contractual legal agreement.

  • A beneficiary can include the following:
  • Individual
  • Institution
  • Trustee

The contractual legal agreement can include the following:
  • Will
  • Insurance policy
  • Individual Retirement plan
  • Qualified Retirement plan
  • Trust
  • Annuity

 

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