At Curtis Miller Insurance, we proudly provide life insurance policies to individuals residing in the greater Parkersburg, WV region. We are often asked questions about life insurance by those interested in purchasing a policy. A couple of the questions we are asked include whether a minor can be named as a beneficiary on a life insurance policy and what happens if the child is a minor when you pass away. We invite you to read on to find out the answers to these questions. 

Can a Minor Be Named As a Beneficiary On Your Life Insurance Policy? 

Legally, a minor can be named a beneficiary on your life insurance policy. However, the insurance company cannot legally release life insurance funds to a minor. 

What Happens If You Name a Minor As a Beneficiary On Your Life Insurance Policy?

If you name a minor as your beneficiary and pass away before the child becomes an adult, a court-appointed adult will likely be given the money. In most cases, this is the other parent for your child or their legal guardian. Unfortunately, suppose you leave the money to a child as a beneficiary. In that case, you have no say in who the court may name as the court-appointed adult to release the life insurance money. 

Many individuals want to leave their life insurance to their children. However, if your child is a minor, it may be wise to name someone else as a beneficiary to keep the courts out of it. Here at Curtis Miller Insurance, serving the greater Parkersburg, WV region, we are here to answer any questions about life insurance or help you purchase a policy. Contact us if you are interested in obtaining a life insurance policy.