There are two types of trust beneficiaries which are income beneficiaries and remainder beneficiaries. (insuranceandestates.com)
Only the designated trustee, who is another individual or party, has the right to designate trust beneficiaries. (usacoverage.com)
This can be accomplished by making the revocable living trust the beneficiary of the second to die policy FBO (for the benefit of) the specified individual beneficiaries. (insuranceandestates.com)