Is Life Insurance Considered Personal Property?

  1. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    Life insurance is considered intangible personal property, in that a life insurance policy is evidence of a value of money. However, if the beneficiary of a life insurance policy is a person, the life insurance proceeds do not go through probate. Thus, the life insurance benefit is considered non-probate property.
    Answered on June 17, 2013
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