Does Life Insurance Go Into The Estate?
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63333 POINTSview profilePeggy MaceMost of the U.S.If someone names a PERSON as the beneficiary on their life insurance policy, the death benefit does not go into the estate. If they name the estate as the beneficiary, or if the beneficiary predeceases the Insured and there is not a contingent beneficiary, then the life insurance proceeds will most likely go to the estate.Answered on June 20, 2013flag this answer
37376 POINTSview profileDavid G. Pipes, CLU®, RICP®Business Development Officer, T.D. McNeil Insurance Services, Fresno, CaliforniaLife insurance proceeds can be paid to the estate if that is the wish of the policy owner. The value of the proceeds, regardless to whom they are paid, could come back into the estate for estate tax computation. Estate planning can avoid that situation. Life insurance is most commonly paid to the estate when the insured has outlived the beneficiary and contingent beneficiaries of the policy and the owner has not changed the beneficiary.Answered on August 15, 2014flag this answer
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