No, as long as you name a living beneficiary. Life insurance with a named beneficiary is paid directly to that person and skips probate.
Claims are often paid within a few weeks of the insurer receiving a death certificate and claim form. If you name your estate, leave the beneficiary blank, or all named beneficiaries have died, the proceeds may go through probate in the county where you lived, such as Stanislaus County Superior Court. California probate can take many months, and statutory attorney and executor fees are based on the size of the estate.
Review your beneficiaries after marriage, divorce, or the birth of a child, and always name a contingent beneficiary.
Questions about your own policy? Elye Insurance in Mission Viejo helps homeowners and drivers across California and Nevada compare options from multiple carriers.
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