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His family are the sole beneficiaries. The sole beneficiaries are the very wealthy.Examples of 'sole beneficiary' in a sentence. A sole beneficiary is a single person or entity that's designated to receive assets. For example, say you're unmarried with no children. The meaning of BENEFICIARY is a person or thing that receives help or an advantage from something : one that benefits from something. In the case of endowment and whole life insurance policies, the beneficiary receives a death benefit if the insured is injured and dies. 5. 6. 1. As the billionaire's only beneficiary, Cheryl will receive the entire estate. A beneficiary is an individual who receives benefits from a transaction via a contract (such as an insurance policy), a will, or trust. Some retirement plans require specific beneficiaries under the terms of the plan (such as a spouse or child).
