How to List Minor on Life Insurance Policy?

by Kevin
(Oak Brook)

Is a Living Trust the only way to list a minor as a beneficiary on a Life Insurance policy? If not, how else can it be done?

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Mar 21, 2011
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starstarstarstarstar 		Minor Child Life Insurance Beneficiary
by: Mo Johnson

No, certainly a living trust is not the only way. Far more commonly, someone simply has a testamentary trust as part of their will, then designates on the insurance policy that it will go to the minors trust as specified in the will.

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