Should you make your child a beneficiary?

Should you make your child a beneficiary?

Naming a minor child as your life insurance beneficiary is not recommended. Life insurance policies cannot make a distribution to a minor child. It is better to select an adult guardian or set up a Uniform Transfers to Minors Act (UTMA) account. Sep 10, 2021

See also  How much is term life insurance for a 50 year old?