Life Insurance and Beneficiary rights

Life Insurance and Beneficiary rights


  1. The death benefit moves outside the deceased’s estate; therefore, it is not included in the value of the estate when calculating the probate fees.
  2. The death benefit moves quickly and directly to the beneficiary ( by law, within 30 days of proof of death), whereas estate funds could take six months to several years to be paid.
  3. The death benefit is protected from creditors of the deceased ( unless fraud can be proven). With a named beneficiary, the money upon death is out of reach of the creditors. In contrast, if the estate is the beneficiary, the creditors of the deceased can make a claim against the estate including the death benefit.


We at are experts in explaining the contracts, its feature, fine prints etc etc. Please feel free to contactus at or at 1 416 509 2540. Please visit us for a no obligation quote or advice.


Prepared by:  Aman Kapur

Leave a Comment

Your email address will not be published. Required fields are marked *