A person selected by the owner of an assetA tangible or intangible item which is owned and has value., such as a retirement account or an insurance policy, to receive the asset at the time the owner passes away.
Designated Beneficiary
A person selected by the owner of an assetA tangible or intangible item which is owned and has value., such as a retirement account or an insurance policy, to receive the asset at the time the owner passes away.