Who Should Be The Beneficiary Of My Life Insurance? 
The rule of thumb when choosing a beneficiary is the person who has the most to lose by your death . A loved one usually a family member is chosen as a primary beneficiary and maybe a child will be chosen as the contingent beneficiary . However in cases where no one would be hurt financially upon your death , the next person to consider would be the person who will handle your funeral arrangements and estate . This way they have the cash to pay final expense and other final bills . 