What happens to the life insurance proceeds upon the death of the insured who has not named a beneficiary?

Question

Quizplus · Accepted Answer

If the insured has not named a beneficiary, the life insurance proceeds will go to their estate. From there, they will be distributed according to the insured's will, or if there is no will, they will be distributed according to the laws of intestate succession in the state where the insured lived.

What Happens to the Life Insurance Proceeds Upon the Death