Who Should Be Beneficiary On Life Insurance? 
It depends on the reason for the policy . Most people will select a spouse , parent or other family member . If the policy is for final expenses you can name the person who will be handling those affairs or even the funeral home . I do not recommend naming a child as beneficiary unless the money is earmarked for the child after he or she turns 18 . Money left to the child will be held in trust until the child is of legal age . 