Does Life Insurance Money Go Into Estate? 
Life insurance will not go into your estate unless you name the estate as beneficiary , or if all of the beneficiaries named on your policy are deceased . Therefore , your policy will not have to go through probate . However , if you are the last spouse to die , and if the proceeds of your policy push the value of your estate over 5.35 million dollars , estate taxes will need to be paid on your estate on the excess over 5.35 M -LRB- in 2014 -RRB- . 