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Holding some office or valuable possession, in subordination to another; holding under a feudal or other superior; having a dependent and secondary possession.
Bestowed as a gratuity.
Medieval Latin beneficiārius holder of a feudal benefice from Latin soldier granted privileges from beneficium benefit benefice
American Heritage Dictionary of the English Language, 5th Edition
Latin bene (“well”) + facio (“make”) + -ary
You should specifically name a beneficiary that you know and trust.
This may give a disappointed beneficiary a right of action against them.
What happens if the executors of a Will can't trace a beneficiary?
The reduction amount is 65 percent of the premiums the beneficiary currently pays.
A legal advisor can tell you further about how to pick a beneficiary.
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