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What does the term “Beneficiary” mean?

April 26, 2017Beneficiary mean term

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What does the term “Beneficiary” mean?

2 Answers

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For the purposes of accessing an account online, beneficiary is the description for the person in the following scenario: The Owner retired, named you as the “beneficiary” to receive a continuing benefit under one of the options 2 through 7 and has since passed away. Return to Question.

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For the purposes of accessing an account online, beneficiary is the description for the person in the following scenario. The Owner retired, named you as the “beneficiary” under one of the options 2 through 7 and has since passed away. Return to Question.