While the term per stirpes is commonly used to refer to an individual's assets under a will, it is also sometimes used in beneficiary designations ... Per Capita Per capita means “by the heads.” ...

because equal distribution (per capita) is the default. Per stirpes designations are available from most but not all insurance companies. Beneficiary designations trump your will: So get them ...

Planning for your death may feel slightly morbid and uncomfortable. But the alternative option — ignoring estate planning and beneficiary designations — could end up infinitely worse.

Per capita (by “head”): The amount is split equally among all beneficiaries, often among children. Per stirpes ... designation.” Can I name a child as my life insurance beneficiary?