Life Insurance Beneficiary Spouse Or Child at Life

Life Insurance Beneficiary Spouse Or Child. Usually, your spouse, children, parents or other family members will be the primary beneficiaries of your life insurance policy. In fact, if you live in one of the below states, you may need to seek your spouse’s permission before you can leave your death benefit to anyone else:

As the name suggests, a life insurance beneficiary is the person or entity that you legally designate to receive the benefits of your life insurance policy when you pass away. A beneficiary is a person who is named in this contract as a recipient of the life insurance proceeds in the event of the insured person’s death. The sum of the insurance policy is paid to the beneficiary of the deceased, which may be a spouse, a boyfriend, a girlfriend, or a child.

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There is no hard and fast rule that only your spouse or children can be named as your life insurance beneficiaries. If minor children have been named as the beneficiary of your life insurance policy, then it. Get assistance when filing a claim. Most people will name a spouse as life insurance beneficiary since that person will be most likely to have the care of the children in the case of a death.