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How do you plan to pay for:

A year of long-term care can cost more than the average American salary. Take advantage of this special enrollment opportunity to offset long-term care costs later in life—and support your loved ones after you’re gone.

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Why does Long-Term Care Planning matter?

Long-Term Care services are usually not covered by your Health Insurance, Disability Insurance, or Medicare. 

LTC Insurance can save you from paying 100% out-of-pocket for future long-term care costs.

IIf you needed long term care, could you afford it?
Average Monthly Cost of Care
Table showing average monthly costs for long-term care in NJ and PA
LTC costs are on the rise ... and retiree income might not be enough to keep up. 
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Projections show that LTC costs will more than double over the next 30 years.
But, the average income of persons over 65 is only $59,872. That math doesn't add up.

Securing coverage now can help you offset these astronomical LTC costs.†
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Two ways to use your policy:

1. Make The Most of Your Life Insurance

Don’t need long-term care during your lifetime? The death benefit is still available to your beneficiaries*.

2. Access Both Life and Long Term Care Benefits

For example, receive 4% per month, maximum 50 months with extension of benefits, of your life insurance amount for your LTC benefit*.

 * The death benefit is reduced to one-third at age 70 or on the 15th policy year, whichever is later.

Get up to 3x your original benefit amount in total coverage

Your rate is based on the death benefit coverage amount, but you may receive up to double the original death benefit in long-term care coverage.

Table showing examples of how different benefit amounts translate max benefit amounts when death benefit and long-term care benefits are combined

What makes our Life Insurance with Long-Term Care Benefit program unique?

Guaranteed acceptance up to age 64 - no health questions required.

Eligible employees may extend coverage to their spouse/partner and children.

Lock in a lower rate. Your premium is always based on the age when your policy became effective.

Coverage is fully portable at the same cost and same benefits - no conversion required if you change jobs or retire.

Dual benefit means you can get up to 3X your benefit amount in total coverage.

Convenient payment through payroll deduction.

FAQs

What life insurance benefit options are available?

You choose a death benefit from $25,000 - $300,000, in increments of $25,000.

Plan Options: There are two types of Universal Life policies available, depending on your age at the time of enrollment:‍ 

  • Trustmark’s Universal LifeEvents® plan applies to enrollees ages 18-64. It pays a higher death benefit during the working years when expenses are typically higher, and families need maximum protection. The death benefit reduces to one-third at age 70 or the beginning of the 15th policy year, whichever occurs last. (The death benefit reduction does not impact premiums or LTC benefits.)  
  • Trustmark’s Standard Universal Life plan applies to enrollees ages 65 – 70. (The death benefit will not reduce at age 70.)  

How does the policy work? 

One policy with two benefits – life insurance coverage with a death benefit available for your beneficiaries and long-term care benefits if you need them.  

     

What happens if I stop paying my premium? 

Coverage will remain in force as long as there is sufficient cash value  to cover the monthly expense, rider and cost of insurance charges. If insufficient, the coverage will lapse. 

  

How much does it cost? 

The premium is based on how much death benefit you select, the age that you are at the time of application and your smoking status.  

  

Is there a medical screen or underwriting involved in obtaining coverage? 

If you select a death benefit within the program’s Guaranteed Issue amount and are between the ages of 18 and 64, there are no medical questions and acceptance is guaranteed. 

  

How long does this policy last? 

Coverage is designed to mature at age 100.  If the insured is living and the coverage is in force on that date, the cash value will be payable, and the coverage will terminate.

The illustration provided when you receive your coverage certificate will demonstrate the projected coverage period at the selected planned premium rate under both the current and guaranteed scenarios.  

You will also receive an annual statement on the anniversary date of your policy to review your coverage period. 

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What happens if I never use the policy for long-term care? 

Upon death your beneficiaries will receive the death benefit.  

    

Can I get coverage for my family? 

If the employee applies for coverage, then coverage is available for the spouse, however, coverage amounts and qualification requirements may vary.

  

Are my premiums guaranteed? 

Your premium will be based on your age at the time of issue. You will receive an annual statement on the anniversary date of your policy that will explain the details of your coverage and your policy activity.  

  

How do I pay my premium? 

The premium will be deducted from your paycheck based on your pay schedule (monthly, bi-weekly…etc.). 

  

How do I enroll? 

You can enroll online. Login now to get started. 

  

What if I leave my employer or retire? 

This policy is completely portable – meaning you take the coverage with you if you were to change jobs or retire from your current employer. You should contact Trustmark to arrange for direct billing, and you can continue coverage without any change in premium or benefit amounts.

Guaranteed Issue of this special coverage is available only during the enrollment period. Get started today to secure your Universal Life Insurance Policy with Long-Term Care policy.

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Trustmark® and LifeEvents® are registered trademarks of Trustmark Insurance Company. Underwriting conditions may vary and determine eligibility for the offer of insurance. Benefits, definitions, exclusions and limitations, naming conventions and availability may vary by state. For a list of disclosures, exclusions and limitations that may apply, visit www.trustmarksolutions.com/disclosures/UL. Universal life insurance underwritten by Trustmark Insurance Company, Lake Forest, Illinois, in NY it is underwritten by Trustmark Life Insurance Company of New York. 1*

‍In NY, the LTC Benefit is the Convalescent Care Benefit.  The LTC Benefit is an acceleration of the death benefit and is not Long-Term Care Insurance (except in FL, LA and VA, where the LTC benefit is 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 LTC benefits provided by this policy may not cover all of the policyholder’s LTC expenses. Pre-existing condition limitation may apply. Your policy will contain complete details. You should consult a financial advisor to determine if the long-term care benefits and the retirement benefits provided by this policy are right for you.

† Section References: LIMRA and Life Happens, 2017 Insurance Barometer Study. Windsor, CT.
Associated Press-NORC Center for Public Affairs Research. Long-Term Care in America: Expectations and Preferences for Care and Caregiving. Chicago, IL. 2016
Hayes, Tara O. and Kurtovic, Sarah. American Action Forum. The Ballooning Costs of Long-Term Care. 2020
LaPonsie, Maryalene. U.S.News. What Is a Good Monthly Retirement Income? 2023