Who Gets My Life Insurance If I Die? 
If you are the insured person for a life insurance policy , and you pass away , the death benefit would go to the beneficiary or beneficiaries named in your policy . If you own life insurance on another person , and you die while the insured person is still alive , your life insurance policy would then be owned by the contingent owner . If you do not have a contingent owner , it would go to your estate . 