However, with a mortgage term life insurance policy you name who you want to receive the proceeds from your life insurance policy. (term-life-online.com)
This type of policy names each owner in the business as beneficiary on the other's policy. (netquote.com)
You can either have the charity apply for a new policy naming it as beneficiary and you as life insured, or you can transfer an existing policy to it. (briansoinsurance.com)