What is Beneficiary? | LIFE-HEALTH Exam Prep

A beneficiary is a person or entity designated to receive the death benefit or proceeds from an insurance policy or retirement account. 📚 Learn more about Beneficiary and other key terms for your LIFE-HEALTH exam at Open Exam Prep. 🎯 This term appears on: LIFE-HEALTH 🔗 Full glossary: https://www.open-exam-prep.com/glossary 🔗 Beneficiary definition: https://www.open-exam-prep.com/glossary/beneficiary 💡 Exam Tip: Primary gets paid first. Contingent is backup. Irrevocable requires consent to change. --- #insurance #examprep #financeexam #life-health