what are the advantages of having a named beneficiary 
having a named beneficiary guarantees that the deceased person s assets are left to the person or individual of their choosing it also benefits the beneficiary as there are tax advantages to being a named beneficiary named beneficiaries are also able to skip probate the bottom linea named beneficiary is the person entitled to receive benefits from a will trust or other financial arrangement when you open a life insurance policy or retirement account you will be asked to list the named beneficiaries for the account these are the people who will be able to access the account after you die 