A
"student beneficiary" refers to a student who receives benefits or advantages from a certain program, scholarship, or support system.
Full definition
Note,
the student beneficiary may reside outside the State of Texas and be attending one of over 2,000 schools nationwide.
No annual contribution limits on your investment with an RESP ($ 50,000 lifetime maximum for
each Student Beneficiary)
To be eligible for AIP payments, the RESP must be at least 10 years old, and
the student beneficiary must be at least 21 and not eligible to receive EAPs.
$ 5,000 of coverage on
the student beneficiary automatically included — with up to $ 50,000 more available for an additional premium.