I received a lots of question about the beneficiary on a life insurane policy and this question was interested and deserves a quick answer. The question: “If a minor child makes a claim on a life insurance policy and another individual is the designated beneficiary what consideration is given to the claim by the insurance Company?”

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Its really simple. The proceeds of a life insurance policy goes to the beneficiary named on the policy. Therefore a minor child cannot claim a life insurance policy when someone else is the designated beneficiary. That is why it is of upmost importance to make the proper plans and trusts.