Can a minor child be named as a beneficiary on a life insurance policy?

A minor child can indeed be named as a beneficiary on a life insurance policy; however, it is important to ensure that a guardian is appointed to manage the proceeds on behalf of the minor. Naming a minor as a beneficiary raises concerns about their capability to claim and manage the funds due to their age. By designating a guardian, the policyholder ensures that the funds are handled appropriately and are used in the minor's best interests until they reach the age of majority or are deemed capable of managing their own financial responsibilities.

This approach safeguards the minor while allowing them to benefit from the life insurance policy in a structured manner. The other options either incorrectly restrict the ability of minors to be beneficiaries or introduce conditions that are not standard or typical in life insurance practices.