Who Gets the Life Insurance Payout? The life insurance payout will be sent to the beneficiary listed on the policy. If there's more than one, each beneficiary has to submit their own claim. Then, the insurance company will pay each person or organization the amount the policyholder left them.
Who gets the money from my life insurance?
Life insurance payouts are sent to the beneficiaries listed on your policy when you pass away. But your loved ones don't have to receive the money all at once. They can choose to get the proceeds through a series of payments or put the funds in an interest-earning account.
Do you get full life insurance payout?
Generally, yes. Most life insurance policies pay out the full face value of the policy to the beneficiary upon the policyholder's death. However, there are some instances where the beneficiary may only receive a partial payout.