Northwestern Mutual

Beneficiaries - Life Insurance Beneficiary FAQ


What is a beneficiary?

A beneficiary is the person who receives the death benefit from the policy. This could be one or more people, your estate, or even a trust or charity.

What should I consider when naming a beneficiary?

Naming a beneficiary can be a very intimate decision. Beyond the personal factors, your decision may be subject to rules imposed by the law or the policy itself.