Who Can Be A Life Insurance Beneficiary? 
Anyone who has an insurable interest can be a beneficiary . For example , your spouse , child even grandparents . Brothers and sisters . A loan as a collateral assignment if necessary . It could be a business who depends on your activity to support the business or a business owner . Your Estate and Charities can be beneficiaries . Your neighbors can not . People who do not have anything to lose from your death generally can not such as strangers . This is a simple approach to your question . If you have someone specifically you are thinking about , contact your agent/broker . Feel free to reach out to the agents on this forum as well . 