Life Insurance Beneficiary: What It Is and How It Works

Have you designated your life insurance beneficiary? Take just a moment now to protect your legacy.

A grandfather and granddaughters having fun on the beach.
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Have you designated a life insurance beneficiary? Providing for loved ones upon your death remains a priority for many people. That’s why it’s important to choose beneficiaries. Failure to do so could tie up death benefits in probate court, and court costs could reduce how much your loved ones receive.

What is a life insurance beneficiary?

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Karon Warren
Contributing Writer

Karon writes about personal finance, including consumer credit, credit cards, mortgages, student loans and retirement, along with travel, small business and health care. Her work has appeared in U.S. News & World Report, LendingTree, USA Today’s 10Best, GoodRx and many others. Karon earned her B.S. In journalism with an emphasis on news editorial from the University of Southern Mississippi. A member of the American Society of Journalists & Authors, Karon released her first book, “100 Things to Do in the North Georgia Mountains Before You Die” (Reedy Press), in 2022.