Universal Life with Long Term Care
Protecting your loved ones is one of life’s greatest responsibilities. When a family loses someone, in addition to grief, survivors may suddenly be faced with costly expenses and debts, and even a loss of income. Trustmark provides two choices of permanent life insurance for combined coverage and lifelong protection. These two options are designed to last a lifetime, so your price will never increase due to age.
- Universal Life - a type of permanent life insurance that provides a consistent lifelong benefit
- Universal LifeEvents - a type of permanent life insurance that offers a higher death benefit
What can Universal Life benefits help pay for?
- Funeral and burial costs
- Rent or mortgage payments
- Tuition and loans
- Credit card bills
- Medical expenses
- Retirement savings
Long-Term Care Benefits
At any point in your life, you may need long-term care services, which could cost hundreds of dollars per day. Universal Life/LifeEvents includes long-term care (LTC) benefit that can help pay for these services at any age. You can access 4% of your Universal LifeEvents death benefit each month for up to 25 months to help pay for qualifying long-term care services.
Note:
The LTC Benefit is an acceleration of the death benefit and is not Long-Term Care Insurance (except in 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.
How Do I Learn More or Enroll?
If you are interested in learning more about Trustmark's Universal Life/LifeEvents coverage or enrolling in the benefit, please contact Human Resources or click the links below.
