Minor Beneficiary to Life Insurance Policy

Often clients are surprised to learn that their minor children cannot receive life insurance proceeds directly. When completing the life insurance claim paperwork you will notice (or you will be informed by the life insurance company) that court-appointed guardianships must be established in order for a minor beneficiary to receive their proceeds.

This is an unfortunate hurdle for a family that is already dealing with the loss of a loved one, but the applicable law is in place to protect the minor, and to honor the wishes of the life insurance policyholder who passed away.

We try to alleviate the client’s burden by navigating them through the court system. Often fees can be paid through the guardianship’s protected accounts once they are established.

Please feel free to reach out to Mark C. Santi, Esq. if you need assistance collecting life insurance proceeds for a minor.