ShmoopTube
Where Monty Python meets your 10th grade teacher.
Search Thousands of Shmoop Videos
Mutual Funds Videos 165 videos
What is the Efficient Markets Theory? The Efficient Markets Theory says that stocks trade at their fair value all of the time, assuming all informa...
What is a Fund of Funds? A fund of funds is a mutual fund strategy that invests in other funds rather than investing in stocks or bonds. The underl...
The Russell Index is a series of indices that tracks the progress of stocks in a given basket. Aw. We were hoping it tracked adorable Jack Russell...
Finance: What is a Beneficiary? 25 Views
Share It!
Description:
What is a Beneficiary? Beneficiaries are named in just about every investment. The beneficiary is the person who receives the profits or distributions from any sort of financial account. In the case of a 529 college plan, the beneficiary would be the child who the owner of the account is saving for. In the case of a life insurance policy, the beneficiary is the person who receives the value of the policy should the owner pass away.
- Social Studies / Finance
- Finance / Financial Responsibility
- College and Career / Personal Finance
- Life Skills / Personal Finance
- Finance / Finance Definitions
- Life Skills / Finance Definitions
- Finance / Personal Finance
- Courses / Finance Concepts
- Subjects / Finance and Economics
- Finance and Economics / Terms and Concepts
- Terms and Concepts / Accounting
- Terms and Concepts / Banking
- Terms and Concepts / Bonds
- Terms and Concepts / Company Management
- Terms and Concepts / Credit
- Terms and Concepts / Derivatives
- Terms and Concepts / Econ
- Terms and Concepts / Education
- Terms and Concepts / Ethics/Morals
- Terms and Concepts / Financial Theory
- Terms and Concepts / Index Funds
- Terms and Concepts / Insurance
- Terms and Concepts / Investing
- Terms and Concepts / Metrics
- Terms and Concepts / Mutual Funds
- Terms and Concepts / Real Estate
- Terms and Concepts / Regulations
- Terms and Concepts / Retirement
- Terms and Concepts / Stocks
- Terms and Concepts / Tax
- Terms and Concepts / Trusts and Estates
- Terms and Concepts / Wealth
Transcript
- 00:00
Finance a la shmoop.. what is a beneficiary? well in Latin, bene is
- 00:08
good so this is like a good place to catch fish...well close not [Old man fishing in the ocean]
- 00:15
really but being a beneficiary is good it means you get stuff like if you are
- 00:20
the beneficiary of weird uncle Al's will then you get his odd collection of hair
- 00:26
balls shaped like US presidents and thirty two thousand two hundred sixty [Uncle Al's will appears]
Full Transcript
- 00:31
$9.32... in essence then you are the beneficiary of his will you are the one
- 00:37
set up to benefit by the death of someone who wanted to favor you with
- 00:42
their assets when they had you know passed on to the great beyond where hair [Uncle Al with white wings in heaven]
- 00:46
balls will fall....
Related Videos
What is bankruptcy? Deadbeats who can't pay their bills declare bankruptcy. Either they borrowed too much money, or the business fell apart. They t...
GED Social Studies 1.1 Civics and Government
What's a dividend? At will, the board of directors can pay a dividend on common stock. Usually, that payout is some percentage less than 100 of ear...
How are risk and reward related? Take more risk, expect more reward. A lottery ticket might be worth a billion dollars, but if the odds are one in...