"Income beneficiaries" refers to individuals who receive regular payments or financial benefits from a particular source of income, such as a trust or investment. Full definition
The amount of income the beneficiaries receive depends upon the death benefit, gender, and age at the time of death of the insured. (usacoverage.com)
Not only would this help to reduce the tax liability to the trust, it may also benefit income beneficiaries who may need the income. (regentatlantic.com)
Here's what high - income beneficiaries need to know. (cnbc.com)