What Happens If Life Insurance Beneficiary Is A Minor? 
If a life insurance beneficiary is a minor , the court will appoint a guardian to handle the money for the child until they reach the age of 18 or 21 , depending on the state . If you want to select that person yourself , you can name a property guardian in your will , or name an adult custodian for the life insurance proceeds under the Uniform Transfers to Minor Act -LRB- UTMA -RRB- . 