1. Home
  2. Video
  3. Finance: What is a Beneficiary?

ShmoopTube

Where Monty Python meets your 10th grade teacher.

Search Thousands of Shmoop Videos

or Browse Videos

Index Funds Videos 123 videos

Finance: What is Short Interest Theory?
3 Views

What is short interest theory? Watch this not-so-short video to find out.

Finance: What is a thin market?
13 Views

What is a thin market, and has it been on Jenny Craig recently?

Finance: What Do You Need to Retire?
209 Views

What do you need to retire? Retirement - think: 401k, pension fund, IRA, roth IRA, etc. All of these savings socked away while you worked hard are...

See All

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.

Language:
English Language
Subjects:

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]

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
GED Social Studies 1.1 Civics and Government
39794 Views

GED Social Studies 1.1 Civics and Government

Fake News
11938 Views

How do you tell fake news from real news?

Finance: What is Bankruptcy?
260 Views

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...

Finance: What is a Dividend?
1777 Views

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...

Finance: How Are Risks and Rewards Related?
589 Views

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...