Normally, the holder of a life insurance houston policy does not enjoy the fruits of their payments of premiums. The money that accumulates from payment of premiums goes to a beneficiary; this is a person who has been designated by a policyholder to benefit from the payment of premiums. A beneficiary can be a spouse or children. In case of a divorce, a policyholder has the freedom of changing their beneficiary. However, if not done promptly, the beneficiary becomes permanent.