If the beneficiary is deceased and there is no secondary beneficiary named then the proceeds would go into the estate. This means that the life insure will now become subject to probate. I highly suggest naming a secondary (contingent) beneficiary to your life insurance policies if you haven't already done so. If you cannot find your agent, call the company and they can send you the forms. If you still have problems a good experienced agent can help.
Self-employed Employee Benefits Provider, Upland, California
A life insurance policy or an annuity will allow you to have multiple beneficiaries, which you can change when and if you need to (death of a beneficiary, divorce and so on). You should always have more than one beneficiary.
Sometimes though it may be hard to think of more than 1 beneficiary, so the answer to the your question of who would get the proceeds of your life policy if the beneficiary is dead and you pass away is, your estate. Your estate consists of all of the property and savings you own and will be dispersed according to your will. If you have no will then the Probate Court can decide who of your relatives will receive your estate.
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Sometimes though it may be hard to think of more than 1 beneficiary, so the answer to the your question of who would get the proceeds of your life policy if the beneficiary is dead and you pass away is, your estate. Your estate consists of all of the property and savings you own and will be dispersed according to your will. If you have no will then the Probate Court can decide who of your relatives will receive your estate.