To avoid negative tax consequences, ask your CPA to help you decide whom you should name as the beneficiary of your policy. (entrepreneur.com)
My mother in law named me as her beneficiary on her life Insurance policy. (money.stackexchange.com)
If the man dies before the ten - year period ends, the insurance company pays out $ 250,000 to the person or persons named as beneficiary in the life insurance policy. (term-life-online.com)