beneficiary

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beneficiary

1. Law a person entitled to receive funds or other property under a trust, will, or insurance policy
2. the holder of an ecclesiastical or other benefice
3. NZ a person who receives government assistance
References in periodicals archive ?
Approved beneficiaries will enter the United States on parole and be able to apply for lawful permanent resident (Green Card holder) status once their visas become available.
Life insurance No matter who is designated, the beneficiaries will receive the death benefit proceeds income tax-free.
In order to ensure that the disbursements to the victims are objective, transparent and efficient, it was decided that the benefits would be paid to the eligible beneficiaries of BISP, identified on the basis of poverty survey and have also collected their Debit Cards.
But an income tax credit is available to the beneficiaries for any estates tax paid.
2055(e)(2), no deduction is permitted for a trust specifying a split interest in property held for the benefit of charitable and noncharitable beneficiaries.
At least 10 percent of the trust contribution must ultimately pass to the charitable beneficiaries, calculated on the present value of the future transfer to charity.
The Lien Law incorporates a mechanism for trustees to alert beneficiaries to the distribution of trust assets in repayment of advances made by lenders.
He designated several vegetarian and animal rights organizations as the beneficiaries.
An owner can change beneficiaries as often as desired.
Congress is focusing on several proposals that could provide prescription-drug coverage to millions of Medicare beneficiaries.
ALTHOUGH THERE IS NO UNIFORM NATIONAL APPEAL PROCESS in place for managed care plans outside of Medicare, there is and has been for more than 10 years an appeal process that provides dissatisfied Medicare beneficiaries enrolled in Medicare + Choice Organizations (M+COs), including HMOs and PPOs, with recourse for denials of access to care or reimbursement for services already rendered.
Twenty-five percent of black beneficiaries and 21 percent of Hispanic beneficiaries qualified for Medicare due to a disability versus only about 11 percent of white beneficiaries.