The proceeds from a life insurance policy, also known as, the death benefits, are paid out to the beneficiary or beneficiaries of a life insurance policy upon the death of the insured person.

The beneficiary contacts the insurance company after the insured has died, to make a claim for the death benefit from the policy.

The insurer will mail the forms to the beneficiary that need to be completed in order to make the claim for the death benefits.

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If you are buying life insurance you may be wondering who gets the proceeds from your insurance policy when you die.

It's an important question to consider.

The Beneficiary is the person or persons you choose to receive the death benefit from your life insurance.

You select a beneficiary when you purchase your life insurance.

You may be able to change the beneficiaries after the life insurance policy is "In Force".

And, you may select more than one person to receive a portion of your death benefit...

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Yes, the beneficiary of a life insurance policy can claim the money from the death benefit of a life insurance policy.

In fact, only the beneficiary may make claim for a death benefit, if the beneficiary is alive to make a claim.

In order to claim the money as beneficiary you must be named as a beneficiary in the life insurance policy, and the insured person must have died while the coverage was In Force and the premiums paid up to date.

Learn more about Can the beneficiary of a life insurance p...

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If you own a life insurance policy you choose who the beneficiary will be upon purchasing the policy.

You may choose more than one person to receive a portion of the proceeds from your life insurance policy.

If the primary beneficiary dies before you do, then you can change beneficiaries on your life insurance policy.

If the primary beneficiary dies after you do, but has yet to receive the proceeds from your life insurance policy after your death, then the money would go to the secondary benefic...
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No, your spouse does not have to be named as your beneficiary on your life insurance policy.

As the owner of your life insurance policy you can choose anyone you wish to be the beneficiary, including but not limited to your children, although if they are minors, it is better to leave the money to a trust or another trusted adult who you know would use the death benefit for their welfare.

You can choose anyone or any entity to be your beneficiary who has some financial input i...

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If you own the life insurance policy that is insuring your life. the person who gets your life insurance death benefit upon your death is the person you name as beneficiary on your life insurance policy.

If someone else is the owner of the life insurance policy insuring your life, the owner gets to choose the beneficiary, although as the insured person, you may have a say in choosing the beneficiary.

However, if the beneficiary is responsible for your death, the secondary bene...

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