While your intentions might be good, naming a minor as a life insurance beneficiary can cause significant complications because life insurance policies can't be disbursed to minors. Instead, it is better to establish a trust for your child and name the trust as the beneficiary of your life insurance. Problems with naming a minor as your life insurance beneficiaryAs noted by AAA Life Insurance, "Minor children cannot directly receive the proceeds of a life insurance policy. Steps for establishing a life insurance trust for your childrenHere are the steps you'll need to take to establish a life insurance trust for your children. If you are concerned about providing for your child in case something happens to you, it is better to establish a trust for your child and make the trust the beneficiary of your life insurance policy.

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