beneficiaries

noun

1. 1

   One who benefits or receives an advantage.

   “You are the lucky beneficiary of this special offer.”

2. 2

   One who benefits from the distribution, especially of an estate.

   “If any beneficiary does not survive the Settlor for a period of 30 days then the Trustee shall distribute that beneficiary’s share to the surviving beneficiaries by right of representation.”

3. 3

   One who benefits from the payout of an insurance policy.