Co-beneficiary (Noun)
Meaning
One of two or more beneficiaries of the same benefit.
Classification
Nouns denoting people.
Examples
- John and his sister Emma were the co-beneficiaries of their late grandfather's life insurance policy.
- As stated in the will, the estate would be divided equally among the co-beneficiaries, who were all the deceased's children.
- When the older sister passed away, her two younger sisters became co-beneficiaries of the trust fund established by their parents.
- Since they were married, Tom and his wife would be the co-beneficiaries of the retirement account.
- The two business partners agreed to be co-beneficiaries of the company's profit-sharing plan.