ben·e·fi·ci·ar·y 
(b
ĕn
′ə-f
ĭsh
ē-
ĕr
′ē, -f
ĭsh
ə-r
ē)
n. pl. ben·e·fi·ci·ar·ies 1. One that receives a benefit: I am the beneficiary of your generosity.
2. The recipient of funds, property, or other benefits, as from an insurance policy or trust.
3. Ecclesiastical The holder of a benefice.
[Medieval Latin beneficiārius, holder of a feudal benefice, from Latin, soldier granted privileges, from beneficium, benefit; see BENEFICE.]
ben′e·fici·ar′y adj.