Who are heir to insurance policy?

Heirs to an insurance policy are individuals or entities designated to receive the policy's benefits upon the death of the insured. Typically, these beneficiaries are named in the policy and can include family members, friends, or charitable organizations. If no beneficiaries are specified, the policy proceeds usually go to the insured's estate. It's important for policyholders to regularly review and update beneficiary designations to reflect their current wishes.