How To Name Trust As Beneficiary Of Life Insurance? 
A trust is a legal entity , just like a person . A trust can purchase life insurance -LRB- or other forms of insurance . -RRB- The trust must have an insurable interest in the person upon whom the life insurance is being purchased . That means that they can not select someone at random , buy a policy and gamble on their longevity . The trust can also designate the beneficiary . 