beneficiary
/ˌbɛnəˈfɪʃiˌɛri/
noun
- A person or group that receives money, property, or other benefits, especially from a will, insurance policy, or trust.
- She named her younger sister as the sole beneficiary of her life insurance policy.
- After the accident, the children became the beneficiaries of a large settlement.
- The charity was the main beneficiary of the billionaire's will.
- A person who gains an advantage or benefit from something.
- The local community was a major beneficiary of the new park and recreation center.
- Small businesses were the biggest beneficiaries of the new tax law.
- Students are the primary beneficiaries of the scholarship program.