estate planning
beneficiary
A person who receives money or other benefits from a will, insurance policy, or financial account.
Example
"He named his daughter as the beneficiary of his life insurance policy."
💡 Memory Tip
BENE-ficiary — bene means good in Latin. The beneficiary receives the good stuff.
Etymology
From Latin 'beneficium' meaning 'benefit, favor' — the one who receives the favor.
Common Misspellings
beneficarybenificiarybeneficiarrybenificiery
See Also
estatewilltrustinsurance