Can A Minor Be A Beneficiary Of A Life Insurance Policy? 
Yes , a minor can be a beneficiary of a life insurance policy . If a minor is named as beneficiary , be sure to appoint a financial guardian in your will to manage the money for your child until they reach the age of adulthood -LRB- either 18 or 21 , depending on where you live -RRB- . Otherwise , the court will appoint one for your child until they are of the age to manage their own money . 