Who Gets My Life Insurance If I Die? 
Life insurance death benefit proceeds go to the beneficiary of the policy . Those proceeds , for most scenarios , go tax free , i.e. some are taxable . When the insured dies , the life insurance company will perform a verification process of the claim and its beneficiary rights . This can take from 30-60 days , but perhaps longer , if the claim comes within two years of the issuance of the policy . 