Does Life Insurance Have To Be Probated? 
No , as long as the beneficiaries designated are alive and well . And as long as they are of legal age . However , if minors are named as beneficiaries , things get messy . An insurance company is not going to pay out money to someone underage . This is where life insurance planning ties into estate planning . It is important to name an executor and custodian in your will . Work out all the arrangements for your kids in advance so that responsible people get them the money they need when they need it . 