Legal Definitions - death beneficiary

Death Beneficiary

A death beneficiary is a person who receives a benefit when someone else dies. This benefit is usually given through a will or trust.

Example 1: John has a life insurance policy and names his wife, Jane, as the death beneficiary. If John dies, Jane will receive the money from the life insurance policy.

Example 2: Sarah creates a trust and names her children as the death beneficiaries. When Sarah dies, her children will receive the assets in the trust.

These examples illustrate how a death beneficiary receives a benefit when someone else dies. In example 1, Jane receives the money from John's life insurance policy. In example 2, Sarah's children receive the assets in the trust.