§ 31458 Beneficiary Definition

• •A beneficiary is someone who gets money or help from a pension, retirement plan, or other benefits.
• •This can include money paid after someone dies (like life insurance).
• •It covers any kind of regular payment meant to support someone.

Your grandpa worked for a company for 30 years and now gets a monthly check after retiring.

Your grandpa is a beneficiary because he gets retirement money from his old job.