What Does Life Insurance Beneficiary Mean? 
What does life insurance beneficiary mean ? Well , a life insurance beneficiary is usually the other party in an insurance contract . They are part of the policy , but do not have qualify or be in great health to be a part of the policy , that is the insured 's part of the policy . The owner of the policy , which can be the insured , the beneficiary and even another interested party designates who the beneficiary is . 