Who Should Be My Life Insurance Beneficiary? 
The person you choose to be your life insurance beneficiary should be someone you trust to spend the money as you would desire . If you are purchasing life insurance so that it will cover your final expenses , you should name a beneficiary who will be involved in your funeral arrangements , and can be relied upon to pay for your final expenses in a timely manner . If you are leaving money for minor children , the beneficiary could be your spouse or a parent who will use that money in the best interest of your children . Or you could form a trust that details how you want the money spent , and make the trust the beneficiary . 