Beneficiary Clause

  

Santa's brother. "Benny" Clause, as he's more widely known, left the North Pole under a cloud of controversy in order to seek treatment for a candy cane addiction. He's currently living at a halfway house in Queens.

In a financial context, the beneficiary clause allows the owner of an asset to name someone as a beneficiary. This type of provision is a common feature of insurance policies. It also comes up in other financial settings, such as pensions, annuities or retirement accounts.

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Finance: What is a Beneficiary?25 Views

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Finance a la shmoop.. what is a beneficiary? well in Latin, bene is

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good so this is like a good place to catch fish...well close not [Old man fishing in the ocean]

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really but being a beneficiary is good it means you get stuff like if you are

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the beneficiary of weird uncle Al's will then you get his odd collection of hair

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balls shaped like US presidents and thirty two thousand two hundred sixty [Uncle Al's will appears]

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$9.32... in essence then you are the beneficiary of his will you are the one

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set up to benefit by the death of someone who wanted to favor you with

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their assets when they had you know passed on to the great beyond where hair [Uncle Al with white wings in heaven]

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balls will fall....

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