What is a Beneficiary
- Charlotte Burr
- Sep 22, 2025
- 2 min read
While looking into life insurance, you have certainly come across the term beneficiary. It
is one of the most important aspects of life insurance and is crucial to how life insurance
works. So, what exactly is the definition of a beneficiary?
A beneficiary, simply put, is a person designated to receive finances, often in the event
of someone’s death. While a beneficiary can be named on things like bank records or a
retirement account, they are most commonly named on a life insurance policy.
In life insurance, “beneficiary” means the person set to receive the amount of money in
your policy upon your death. So, who can be your beneficiary? Well, it’s often a family
member, such as your spouse or your children, but it can be anyone. That beneficiary
can then use that money to make up for lost income or pay for funeral expenses,
granting them greater financial peace of mind after the death of a loved one.
If you would like help navigating the search for life insurance, give AZ Insurance team a
call. As an Arizona-based insurance broker, we can do the shopping for you and find
the best policy for your needs and budget. We hope to hear from you soon!
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At AZ Insurance Team, we’ve been serving the Valley for over a decade, helping families and individuals protect what matters most. Whether it’s reviewing your home, auto, or life insurance, summer is the perfect time to make sure you’re covered before the celebrations begin. Reach out today to review your policy and see how much you could save. Peace of mind is just a call or click away.
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