Ensuree

Ensuree is a term that can refer to a person or entity to whom a guarantee or assurance is made. In various contexts, such as contracts, insurance policies, or legal agreements, the ensuree is the party that benefits from the security or promise provided by another party, the guarantor or insurer. The specific rights and responsibilities of the ensuree are typically detailed within the governing document.

For instance, in a performance bond, the entity for whom a project is being completed is the ensuree. They are assured that the contractor will fulfill their obligations. In a life insurance policy, the beneficiary who will receive a payout upon the death of the insured can be considered an ensuree, as they are assured of financial support. The term emphasizes the reception of a guarantee.