beneficiary
//ˌbɛnɪˈfɪʃəri//
Noun
beneficiarySingular
beneficiariesPlural
1
A person or group who receives money, property, or other benefits from a will, trust, insurance policy, or other legal arrangement.
She named her daughter as the beneficiary of her life insurance policy.
2
A person who gains advantage or profit from something.
The local community was the main beneficiary of the new park.