Who Is The Usual Beneficiary For Life Insurance Policies? 
The usual beneficiary for life insurance policies depends on the type of policy . If a personal policy and the insured person is married , the usual beneficiary is usually the spouse . If a single person , the beneficiary is often a parent , romantic partner , or sibling . If a business policy , the beneficiary is often the business or business partner . If a policy to cover a loan , the beneficiary is usually a spouse with assignment to the loan company . 