Who will get your life insurance proceeds depends on who is the owner of life insurance policy - the person to whom the policy is issued, or the third party, such as superannuation fund trustee, lending institution or employer.
Self-Ownership life insurance policies (non superannuation) for a standard life insurance, TPD and trauma cover policy the proceeds would be paid to:
If there is no beneficiary nominated, then the proceeds go to the policy owner.
If the policy owner wishes their spouse to receive the life insurance proceeds then they need to own the life insurance policy and there must be no other nominated beneficiaries.
If the husband and wife divorce and the wife has been nominated as the beneficiary then this can sometimes prove difficult. This would result in the matter having to be addressed in any property settlement.
If you wish the death benefit to be paid to someone other than yourself then you need to nominate the beneficiary or beneficiaries and state the amount payable to each on the death of the life insured.
With a life insurance policy including death, TPD and trauma policies that are superannuation owned policy proceeds are payable to the policy owner, namely the superannuation fund, in the event of a claim being payable.
The proceeds of the policy will then be paid to the fund member in the event of TPD or trauma subject to a condition of release being satisfied or to the member's estate, or dependant beneficiaries in the event of the member's death.