But, who receives the death benefits from life insurance?
The person or persons who get the proceeds from a life insurance policy are called the Beneficiaries.
The owner of the life insurance policy who pays the premiums, chooses who is the beneficiary of the insurance plan.
Usually, a beneficiary would be the insured person's spouse, children, family members, business partners, charity, church, or someone else close to the insured.
Learn more about who life insurance pays death benefits to.