Beneficiaries

When a minor is named as a minor life insurance beneficiary, the insurer cannot pay the death benefit directly to the child because minors lack the legal capacity to manage...

What Happens When a Life Insurance Beneficiary Dies? When a life insurance beneficiary dies, the payout goes to the next contingent beneficiary if one is named, or to the insured's...

A per capita life insurance claim means each named beneficiary receives an equal share of the death benefit, and if one beneficiary has died, their share is divided equally among...

An estate in life insurance is the deceased person's legal property pool that receives the death benefit when the estate is named as beneficiary or when no valid living beneficiary...

If a life insurance policy has no beneficiary, the death benefit is typically paid to the insured’s estate and then distributed through probate or state intestacy laws. This means the...