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What Is Dependent Beneficiary

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AkHilkumar Boragala
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21 views1 page

What Is Dependent Beneficiary

Uploaded by

AkHilkumar Boragala
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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What is a dependent? What is a beneficiary?

When you add a dependent, you will be asked if you want to use your new dependent as a beneficiary. A
dependent is a person who is eligible to be covered by you under these plans. A beneficiary can be a
person or a legal entity that is designated by you to receive a benefit, such as life insurance.

For example, if you will be including your spouse in your medical coverage and designating him or her as
a recipient of your life insurance, then your spouse is both a dependent and a beneficiary. The person or
entity that you designate as a beneficiary, however, may or may not be an eligible dependent. For
example, a parent is not an eligible dependent for medical coverage and can only be designated as a
beneficiary.

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