Who is entitled to the proceeds from a life insurance policy if there is no beneficiary listed?
Question Details: My brother passed away 54 months ago. He had a life insurance policy through his job but had no beneficiary listed. He was married and also has surviving parents. Does all the money go to the wife or can his parents/siblings get a portion of it as well?
When no beneficiary is listed for life insurance proceeds, then such proceeds are payable to the deceased's estate. If they had a Will, then the residuary clause in it dictates how the money is distributed; if they had no Will then their surving spouse and children, if any, will inherit.
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