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Beneficiaries Receive Life Insurance Policy Payouts

By Compuquotes Team on November 6th, 2010

Question: What is a beneficiary?

Answer: A beneficiary is the recipient of the life insurance benefit upon a policyholder's death. A beneficiary, named in a policy, may be one or more people, a charity, the policyholder's estate or the trustee of a trust the policyholder has created.

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