Who Can Be Named The Beneficiary Of A Life Insurance Policy? 
Who can be named a beneficiary of a life insurance policy ? Just about anyone and anything . You can name your spouse , children , parents , neices , nephews , business partners . You can also name universities , animal shelters , non profits , for profits , banks and other business entities . Being a beneficiary is still something you can decline to accept if you desire . Insurance proceeds would go to the next beneficiary or into the estate or as some people are doing a trust . 