Should name minor children as beneficiaries on a life insurance policy?

🤔  Should you list your minor children on your life insurance policy?


If you want to make sure your kids are covered through your life insurance, listing them as a beneficiary is not what we typically recommend. 



Because they get all the money in one big sum when they turn 18 (and that much money all at once isn’t the best thing for 18-year-olds).  


Here is a better option:


👉 Go with a trust. 


That way, you can control how much money they get at a time. 


Are your minor children on your life insurance?

William Wombacher, your Central Illinois Certified Elder Law Attorney (CELA) and Social Security Disability Specialist. I’ll help you!
Call me at 309-674-8125, visit at

Serving Peoria, East Peoria, Peoria Heights, Pekin, Dunlap, Chillicothe, Morton, Washington, Metamora, Canton, Galesburg, Lacon, Henry, Bloomington, Normal and surrounding cities and counties of Peoria, Tazewell, Woodford, Fulton and Knox Counties in Central Illinois.


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The Law Office of William C. Wombacher

Local: 309-674-8125
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Peoria, IL 61602
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