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Insurance Glossary

Industry jargon and unfamiliar terminology can be confusing.

No insurance resource would be complete without a helpful menu of terms and concepts. This information-rich list will help you make sense of the solutions you are considering.

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0-9 A B C D E F G H I J K L M N O P Q R S T U V W X Y Z (ALL)

Beneficiary

​The person or entity chosen by the policy owner to receive death benefit proceeds from an insurance policy. There may be more than one beneficiary and there are many types of beneficiary designations.