Charitable Remainder Unitrust

Published: | Updated: October 13, 2017

Definition - What does Charitable Remainder Unitrust mean?

A charitable remainder unitrust is a type of trust that has a charity as its beneficiary. A certain percentage of the trust's total annual value is given to the beneficiary every year. Life insurance policies are often included in these trusts.

Insuranceopedia explains Charitable Remainder Unitrust

The grantor of a charitable remainder unitrust can still put assets into the trust after it has been set up, so its annual value can fluctuate significantly. For this reason, the trust pays out an annual percentage, rather than a fixed amount.

How Well Do You Know Your Life Insurance?

The more you know about life insurance, the better prepared you are to find the best coverage for you.

Whether you're just starting to look into life insurance coverage or you've carried a policy for years, there's always something to learn.

Share this:

Connect with us

Email Newsletter

Join thousands receiving the latest content and insights on the insurance industry.