If both have your name and SSN, then both are reported on your tax return.
The trust income is your income - it's just coming from a trust that "passes" it along to you to spend and pay taxes on.
If you received a 1099-R from the trust, it gets entered in the same interview as the 1099-R you received from the life insurance company. See Where do I enter my 1099-R? for instructions on how to enter a 1099-R.
Typically, however, trust income would get reported to you on a Schedule K-1 - not a 1099-R.
Schedule K-1s are reported in the Schedule K-1 interview of Business Investment and EstateTrust Income.
See Where do I enter a K-1 that I received? for instructions on how to enter a K-1.
