Beneficiary: meaning, definitions and examples
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beneficiary
[ ˌbɛnɪˈfɪʃieri ]
legal term
A person who derives advantage from something, especially a trust, will, or life insurance policy.
Synonyms
grantee, heir, legatee, recipient
Examples of usage
- He was named as the sole beneficiary in his grandmother's will.
- The charity was designated as the beneficiary of the fundraiser.
- The beneficiary of the life insurance policy received a substantial sum of money.
healthcare
An individual or group that receives medical benefits under a health insurance plan.
Synonyms
covered individual, insured party, recipient of benefits
Examples of usage
- The employee's spouse is listed as a beneficiary on the health insurance plan.
- Each beneficiary is entitled to certain medical services covered by the insurance policy.
Translations
Translations of the word "beneficiary" in other languages:
🇵🇹 beneficiário
🇮🇳 लाभार्थी
🇩🇪 Begünstigter
🇮🇩 penerima manfaat
🇺🇦 бенефіціар
🇵🇱 beneficjent
🇯🇵 受益者 (じゅえきしゃ)
🇫🇷 bénéficiaire
🇪🇸 beneficiario
🇹🇷 lehdar
🇰🇷 수혜자 (suhaeja)
🇸🇦 مستفيد
🇨🇿 příjemce
🇸🇰 príjemca
🇨🇳 受益人 (shòuyìrén)
🇸🇮 upravičenec
🇮🇸 hagsmunaaðili
🇰🇿 пайда алушы
🇬🇪 სარგებლის მიმღები (sargeblis mimgebi)
🇦🇿 faydalanan
🇲🇽 beneficiario
Word origin
The word 'beneficiary' originated from the Latin word 'beneficiarius,' which referred to a person who received benefits or favors. Over time, the term evolved to encompass legal and healthcare contexts, where it denotes a recipient or heir. The concept of beneficiaries has been prevalent in various legal systems and insurance practices, highlighting the importance of ensuring that individuals or organizations receive advantages or benefits as intended by a trust, will, or insurance policy.
See also: beneficial, beneficially, benefit, benefits.