# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Beneficiary

What is a Beneficiary?

A beneficiary is a person (or charity, college, etc.) who is entitled to receive some or all of the assets in an account. 

Retirement accounts, wills, and life insurance policies all have designated beneficiaries who are entitled to receive the assets when the original owner dies.  

Trusts can have separate income beneficiaries and principal beneficiaries.

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