Do I Need A Will If I Have Life Insurance? 
Life insurance pays directly to the beneficiary or beneficiaries upon the death of the insured . Property -LRB- such as a car or a record collection -RRB- , assets -LRB- such asstock or a bank account -RRB- , dependent children -LRB- whose custody would need to be settled -RRB- are all matters you would take care of with a will . Life insurance will pay according to the policy regardless of any mention in a will . 