Can A Minor Be A Beneficiary On Life Insurance? 
Yes , a minor can be a beneficiary on life insurance . However , until they reach the age when they are legally considered old enough to manage their own money -LRB- which is either age 18 or age 20 , depending on the state in which you live -RRB- , someone else will need to be named to manage their money for them . 1 -RRB- This can be someone you specify in your will . Some people even name two guardians : one to take care of the money -LRB- guardian of the estate -RRB- and one to take care of the children -LRB- guardian of the person -RRB- . 2 -RRB- You can create a trust to be the beneficiary of the policy , with the trust spelling out how you want the money to be used on the minor 's behalf . 3 -RRB- If no guardian is specified or trust created , the court may have to appoint a guardian at the time after death when the policy proceeds are collected . You may want to visit with your lawyer and life insurance agent to be sure that you have your policy set up in the way that you want it to , if a tragedy should happen . 