What Happens To Life Insurance With No Beneficiary? 
This is where having an insurance agent/adviser is important . If you have bought a life insurance policy or your planning on buying one , any qualified insurance agent should explain the purpose , benefits , and tax traps of not having a beneficiary . It 's never a good idea to have young kids under a legal age 18 or 16 depending on where you live to be beneficiaries . Expert advice can help you avoid many costly pitfalls . 