Phrases with «plan beneficiary»

A "plan beneficiary" refers to a person who will receive certain benefits or assets from a predetermined plan or arrangement. They are chosen by the plan owner to receive the benefits, such as life insurance proceeds or retirement savings, in the event of the plan owner's death or a specific condition being met. Full definition

Related phrases

Sentences with «plan beneficiary»

  • When going through a divorce, it's a very good idea to update your retirement plan beneficiaries. (us.axa.com)
  • While some offer obvious advantages for plan beneficiaries, many are structured to favor underwriters. (chooseterm.com)
  • Even if disclosure were required to the plaintiff as a continuing plan beneficiary, it would only be for periods after the effective date of the new rule. (planadviser.com)
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