Are insurance policies included on wills or can that be seperate from the will?

An insurance policy is a non-probate asset. It is not made part of the will. However, you may designate the beneficiary of the policy as your estate, in which case the money will be divided in accordance with your will.

Insurance polices are usually not included in wills, and for some good reasons.

For one thing, you don't want to have to wait until a will goes through the probate process, which can be long, to receive the benefits.

In fact, insurance polices are often taken out to insure that the decedent's financial affairs are resolved WITHOUT the need for court intervention via the probate process.

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