If I Die Who Gets My Life Insurance? 
If you are the insured person on your life insurance policy , the death benefit will be paid to your beneficiary or beneficiaries that you had designated on your policy . If you are the owner of the life insurance policy , with the insured person being someone else , the policy would go to whoever you had set up as the contingent owner , if you would pass away . If there is no contingent owner , the insured person might become the owner . 