beneficiary
noun
ben·e·fi·cia·ry
ˌbe-nə-ˈfi-shē-ˌer-ē
-e-rē,
-ˈfi-sh(ə-)rē
plural beneficiaries
1
: a person or thing that receives help or an advantage from something : one that benefits from something
the main beneficiaries of these economic reforms
2
a
law
: the person designated to receive the income of an estate that is subject to a trust (see trust entry 1 sense 3a)
b
: the person named (as in an insurance policy) to receive proceeds or benefits (see benefit entry 1 sense 2b)
named his brother as the sole beneficiary of his life insurance policy
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Merriam-Webster unabridged
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