What happens if you don’t name a beneficiary on a life insurance policy?

What happens if you don’t name a beneficiary on a life insurance policy?

If you don’t name a life insurance beneficiary, or all your beneficiaries pass away before you do, your estate becomes the beneficiary. This means the life insurance proceeds go into estate probate, a long legal process during which your debts are settled and your estate is divided. Feb 15, 2022