I just need to ask this question because I'm a humble title insurance agent and not a life insurance agent - why is a life insurance agent preparing a trust? Is that usual?
Anyway, the trustee will have to amend the trust to fix it. Perhaps you'd want to have an attorney handle it this time around.
We do run into errors in trusts when reviewing them for title insurance. We only notice or comment on errors that relate to title, BTW.
We had a transaction last month in which it was discovered that the wrong property had been deeded into the trust. In that case, their attorney considered doing a corrective deed but it made more sense to simply have the estate deed the property directly to the buyer.
We had another transaction in the office today in which the trust set up a life estate for a sibling of the settlor. We asked that the sibling join in the deed to extinguish her interest, even though it wasn't cited in a deed. The attorney for the trustee opted instead to simply amend the trust and remove the life estate provision. This was not an error in the trust but I raise it as an example of a last minute correction used to quickly resolve in issue.