|Can I use my insurance to benefit charitable organizations?|
Yes. This is an area overlooked by many. You can name one or more charities as alternate or as primary beneficiary.
Furthermore, if you no longer need the policy proceeds in your estate for use now, you can transfer ownership of the policy to the charity or charities. If the policy has cash loan value, the charity can draw this out and use it.
In this case, you not only receive a charitable gift deduction, but any additional premiums you pay are tax deductible for you now. And, on your death, the charity receives the balance of the policy proceeds and none of it is included in your estate for tax purposes.