Friday, 20 February 2015

I'm married with a 17-1/2 year old daughter. Can I will my life insurance proceeds to her, or does my husband automatically get them? I live...

Question

I'm married with a 17-1/2 year old daughter. Can I will my life insurance proceeds to her, or does my husband automatically get them? I live in Ohio



Answer

Life insurance pass to whoever you name as the beneficiary with the life insurance company. They do not pass through your will. You can name anyone as the beneficiary that you want. You should be careful about naming a minor (under the age of 18) as a beneficiary.



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