1. 15 POINTS
    Kimberly Manning
    Independent Agent, Maryland
    The usual beneficiaries of a life policy is the spouse or children however if a person has a financial interest as in business they to can be the beneficiary..This is sometimes the case with a key man policy  when a business co ers  maybea FRi,top sales person based on their  value to the business.
    Answered on July 19, 2013
  2. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    The usual beneficiary for life insurance policies depends on the type of policy.

    If a personal policy and the insured person is married, the usual beneficiary is usually the spouse. If a single person, the beneficiary is often a parent, romantic partner, or sibling.

    If a business policy, the beneficiary is often the business or business partner. If a policy to cover a loan, the beneficiary is usually a spouse with assignment to the loan company.
    Answered on July 19, 2013
  3. 21750 POINTS
    Jim Winkler
    CEO/Owner, Winkler Financial Group, Houston, Texas
    Great question! The beneficiary is the person or thing (in some cases) that you wish to leave your money to. People typically leave it to a close family member, but there are people that leave it to , trust funds, churches, or charities. I remember not too long ago about reading about the lady in New York City that left her fortune  to her dogs...Thanks for asking!
    Answered on April 25, 2014
  4. Did you find these answers helpful?
    Yes
    No
    Go!

Add Your Answer To This Question

You must be logged in to add your answer.


<< Previous Question
Questions Home
Next Question >>