Generally speaking, a beneficiary designation on a life insurance policy trumps a Will but you are playing with fire here.  Your daughter - or her guardian if she is a minor - will be going after the funds and so what will probably happen is that the insurance company will "interplead" the funds in to court and a lawsuit will decide it.  So the funds will probably be eaten up in the end by lawyers.  Consider taking out another policy to satisfy the divorce agreement.  Good luck.