A beneficiary in the broadest sense is a natural person or other legal entity who receives. However, if the primary beneficiary or beneficiaries are not alive or do not qualify under the restrictions, the assets will probably pass to the contingent. Description: Generally, a beneficiary is a person who receives benefit from a particular entity (say trust) or a person. A dependent is a person who is eligible to be covered by you under these plans.
Check with a local Social Security office if you believe you may be eligible for benefits. We pay benefits to the following types of beneficiaries.
Retired worker and. Feb SECURE eliminates the stretch IRA as an estate plan option, unless the beneficiary qualifies as an eligible designated beneficiary (EDB). Your dependents are eligible for coverage under your extended health care and dental plans.