One possible concern for the taxpayer in the above situation is the risk of death shortly after setting up the CRUT. In such instance, the CRUT proceeds would pay to charity before the taxpayer has received much benefit from the annuity. In addition, at the taxpayer’s death, charity receives the assets that might have otherwise passed to children or other heirs. Because of this, tax planners often suggest that their clients purchase life insurance, to be held separately from the CRUT. Using life insurance mitigates the risk of an early death.