Vantage is one of the largest IPAs in California and the largest IPA in the Inland Empire, which is home to over 1,000,000 Medi-Cal and 450,000 Medicare beneficiaries. Vantage also has a presence in San Diego County.
In life insurance, the provision or endorsement that designates the owner of the policy when such owner is someone other than an insuredâfor example, a beneficiary. This clause vests ownership rights (e.g., the right to designate the beneficiary) to the specified person or entity. 1  Suggest an improvement or addition to the Insurance and Risk Management Glossary.  Buy a print version of the Insurance and Risk Management Glossary.
Beneficial ownership. Beneficial ownership is a term used in international commercial legislation referred to anyone who enjoys the benefits of ownership of a security or property, and yet does not nominally own the asset itself. Webster's defines a beneficial owner as one who enjoys the benefit of a property of which another is the legal owner..