Who is the recipient of advantage or gain from a legal agreement such as a trust or insurance policy?

The correct answer is the Beneficiary. In the context of a legal agreement such as a trust or an insurance policy, a beneficiary is the person or entity that receives benefits or gains from that agreement. For example, in a trust, the beneficiary is the individual or group designated to receive the assets held in the trust upon the occurrence of certain conditions or events. Similarly, in an insurance policy, the beneficiary is the person who will receive the death benefit or claim payment in the event of the policyholder's passing or when a claim is made.

This term specifically highlights the role of an individual or entity that benefits from the arrangements made by the trust or the stipulations set forth in the insurance contract. Understanding the role of the beneficiary is vital in many legal and financial transactions, as they are the ultimate recipients of the benefits intended by the grantor or policyholder.