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• The person or financial instrument (e.g., a trust fund) named in the policy as the recipient of insurance money in the event of the policyholder's death.

  Alabama Department of Insurance - Cite This Source - This Definition
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  Cite Definition for Beneficiary

  American Psychological Association (APA)

  Beneficiary. (n.d.). Glossary of Life Insurance Terms. Retrieved June 4, 2023, from website: http://www.expertglossary.com/definition/beneficiary.

  Chicago Manual of Style (CMS)

  Beneficiary. www.aldoi.gov. Glossary of Life Insurance Terms. Alabama Department of Insurance. http://www.expertglossary.com/definition/beneficiary (accessed: June 4, 2023).

  Modern Language Association (MLA)

  "Beneficiary." Glossary of Life Insurance Terms. Alabama Department of Insurance. 4 June. 2023 http://www.expertglossary.com/definition/beneficiary.

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