Universal Life Events | Trustmark

Universal Life Events | Trustmark
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Life Insurance with Long-Term Care

Combined coverage to help protect what matters the most when it’s needed the most.
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Here's what you need to know

The need for long-term care (LTC) services could be one of the greatest risks to your future financial wellbeing. It can be a challenge to find protection that can help with the rising costs of long-term care facilities or services in the event of an accident, illness, or aging. 

 

Life Insurance with Long-Term Care, provided though Trustmark Universal LifeEvents, provides long-term care benefits funded by permanent life insurance. It pays cash benefits that can help you afford the comfort and quality of care that you desire. Plus, it doubles as life insurance, with a death benefit payable to your beneficiaries.

 

Why should you consider Life with Long Term Care?

 

  • Combined coverage: get both permanent life insurance (death benefit) and care benefits for one rate.
  • Benefits can help with the cost of care when the time comes, so you can avoid depleting your retirement savings or overburdening family members.
  • Care benefits can help pay for professional caregiving services including home health care, assisted living, adult day care and more.
  • Coverage is available to you on a guaranteed issue basis – no medical questions asked, and you can’t be turned down – up to benefit amount limits.1
  • Guaranteed to last a lifetime: once you have coverage, your rate doesn’t increase as you get older.2

Life Insurance with Long-Term Care, provided though Trustmark Universal LifeEvents, is exactly what you need to plan for your financial future and alleviate any fear of burdening your family.

 

  • Your rate is "locked in" at your age at purchase. Once you have your policy, your rate will never increase due to age.2
  • Benefits can help with the cost of long-term care when the time comes, so you can avoid depleting your retirement savings or overburdening family members.
  • Long-term care benefits can help pay for professional long-term facilities or services including home health care, assisted living, adult day care and more.
  • Coverage is available for your spouse and eligible children.

 

Eligible employees include active, full-time employees aged 18-75. LTC benefits not available to those aged 71-75, with underwriting required for enrollment aged 65+.

As a qualifying new hire, or during annual enrollment or special enrollment period, you will have an opportunity to enroll without answering health questions upon onboarding. Outside of the enrollment period, you will subject to health questions. 

How It Works

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Enroll in coverage

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You are unable to perform 2 or more basic activities of daily living

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You get the necessary care

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Your Life Insurance with Long-Term Care helps with the cost of care 

You’re making a plan to ensure your family has solid financial footing.

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You purchase Life Insurance with Long-Term Care for yourself.

After an unexpected accident leaves you with LTC needs and unable to work, the coverage helps you cover expenses, alleviating pressure on your wallet and your loved ones.

Frequently Asked Questions

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  • Who is the provider?

    Trustmark

     

    Your Life Insurance with Long-Term Care benefit is offered through Trustmark. This program is only available through your employer. 

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  • How can this help me?

    Life Insurance with Long-Term Care pays benefits in cash, directly to you, when you require help with at least 2 of 6 activities of daily living (for example, eating, bathing or dressing) or have a severe cognitive impairment (such as Alzheimer’s Disease) and receive caregiving services for more than 90 days.3

     

    If you never need care, there's still a death benefit for your beneficiaries.

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  • What if my employment status changes?
    When you leave or retire from your current employer, you can continue your coverage without interruption. Although payroll deduction will no longer be available if you retire or leave your company, you can opt for bank account deduction.
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  • How much does this coverage cost?
    Your cost is based on several factors, including your age, any special features you select, and the amount of coverage you want.
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  • Won’t the federal government pay for my long-term care?

    Medicare provides minimal financial support for LTC services. Medicare was designed to pay for acute medical conditions and post-rehabilitative care; it was not intended to pay for costs associated with LTC. To qualify for nursing home care under Medicare, a three-day hospital stay is required, and care must be rehabilitative in nature. If these conditions are met, Medicare will pay for the first 20 days. Days 21-100 require a co-payment. There is no coverage after day 100.

Enrollment

Prepare for the future with Life Insurance with Long-Term Care. Enroll during your annual enrollment. 
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Do You Need Help?

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Phone Number: 1-866-324-4080

  • Legal Disclaimers

    1Maximum issue age for guaranteed issue is 64. Employees who have previously been offered this coverage may not be eligible for guaranteed issue. Refer to the sample-rate sheet or speak to an enroller for details.

     

    2Details on factors other than age that may change target premiums in the future, such as loans or interest rates, will be included with your policy and illustration, once issued.

     

    3The Long-Term Care Benefit is an acceleration of the death benefit and is not Long-Term Care Insurance. It begins to pay after 90 days of confinement or services, and to qualify you must meet conditions of eligibility for benefits. The Long-Term Care rider name may vary by state.

  • Mercer's Role & Compensation
    View details of Mercer's disclosure of compensation