What happens when there are two beneficiaries on a life insurance policy?

What happens when there are two beneficiaries on a life insurance policy?

If you have listed multiple primary beneficiaries in your life insurance policy and one of them dies, then the proceeds of their share are split among the remaining beneficiaries. If they are co-beneficiaries, each of them will get 50% of the proceeds after you pass away. Jun 19, 2021