Q: Should I list my minor kids as the beneficiaries on my life insurance policy?

A: No. Here’s why: If something happens to you, your life insurance proceeds won’t pay out until they are 18 years old. This is not why you got life insurance and not what you want! The solution? Name your living trust as the beneficiary on your life policy instead! A living trust gives you control from the grave: you dictate how much money your kids receive and when they receive it.