Q&A Topics

Thursday, March 27, 2014 4:41:37 PM

Where would my life insurance money go if my beneficiary is deceased?

Life insurance is paid according to the beneficiary information that you provide. It’s a good idea to name both primary and secondary beneficiaries so the death benefit goes to the second one in case the first is deceased. If the secondary is not alive when you die, death benefits may go to your probate estate or passed to heirs according to your will, depending on the state where you live.

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Laura Adams is a personal finance expert, award-winning author, and consumer advocate. As Senior Insurance Analyst, she represents insuranceQuotes in the media and works to make sure consumers protect their financial futures by having the right kinds of insurance.

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