Does the Insurance need to go through Probate?

The money that is paid out from life insurance polices to beneficiaries on the death of the insured may not require Probate. This depends on who is named as the beneficiary insurance policy. If an individual, other then the person that died, is named as the beneficiary of the insurance policy, then the money goes directly to the beneficiary. This is because a life insurance policy is a contract with an insurance company that specifically stipulates who will benefit after the person who is insured dies. Since payment of the life insurance proceeds to the named beneficiary is in the contract, there is no need for the life insurance policy to go through probate.