How can you designate where the life insurance proceeds go?

Utilize Beneficiary Designation: Life insurance policies usually allow you to specify how the proceeds will be distributed through a Beneficiary Designation.

Direct Proceeds to Individuals or Trusts: You can choose to have the proceeds paid directly to individuals, such as a spouse or child, or to a Trust.

Advantages of Directing Proceeds to a Trust: When proceeds are directed to a Trust, they are managed according to the Trust's terms, providing greater control over distribution. This is particularly beneficial if the beneficiaries are minors.