If no beneficiaries are alive or none were indicated, the proceeds go to which of the following?

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Multiple Choice

If no beneficiaries are alive or none were indicated, the proceeds go to which of the following?

When there are no living beneficiaries or none were named, the life insurance proceeds default to the insured’s estate. That means the death benefit becomes part of the estate and goes through the probate process, where the executor uses it to pay debts and taxes before distributing any remaining assets according to the will or, if there’s no will, according to state intestacy laws. A trust would only receive proceeds if it was named as the beneficiary, and a revocable designation doesn’t itself describe a recipient. The option of aviation has no relevance here.

When there are no living beneficiaries or none were named, the life insurance proceeds default to the insured’s estate. That means the death benefit becomes part of the estate and goes through the probate process, where the executor uses it to pay debts and taxes before distributing any remaining assets according to the will or, if there’s no will, according to state intestacy laws. A trust would only receive proceeds if it was named as the beneficiary, and a revocable designation doesn’t itself describe a recipient. The option of aviation has no relevance here.

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