Products February 17, 2006

Trustmark Offers More Long-term Care Benefits

February 17, 2006 (PLANSPONSOR.com) - Trustmark Voluntary Benefits Solutions is launching a new Universal Life product that pays more Living Benefits for long term care.
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Trustmark’s new Universal Life with Living Benefits accelerates 4% of the death benefit monthly for assisted living, home health care, adult day care, and nursing home care, expanding its package of long term care benefits, according to the announcement.

Along with more Living Benefits, Trustmark’s new Universal Life plan provides guaranteed issue coverage and improved mortality performance based on longer life spans, the announcement said. Trustmark’s maximum issue age has also been raised to age 80, and maximum benefits increased to $300,000.

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Joe Pray, Trustmark’s Vice President of Sales and Marketing, said in the announcement, “With long term care built into the life policy and purchased through payroll deduction, we offer a convenient, affordable way for people to get the protection they need.”

The plan is available now for March 2006 enrollments.   More information on Trustmark’s voluntary benefits for employers with 100 or more employees can be obtained by calling 800-840-4692.

Products February 16, 2006

AIG SunAmerica Introduces Small Business Retirement Plan Offering

February 16, 2006 (PLANSPONSOR.com)—Today, AIG SunAmerica Retirement Markets, Inc. introduced a new 401(k) program tailored to the retirement plan needs of small and medium size companies, the Polaris401(k).
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Polaris401(k) will be available to plan sponsors through financial advisors and the company is offering both a comprehensive fully-bundled version or a flexible Third Party Administrator (TPA) version, AIG SunAmerica Retirement Markets, Inc., a subsidiary of AIG Retirement Services, Inc. said.

The plan administrative services for the Polaris401(k) will be handled by ADP  Retirement  Services.

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The product offering will have no proprietary fund requirement and will include investment options from 14 money mangers including American Funds, MFS, Van Kampen, Lord Abbett, and Davis, a press release said. The plan will also offer asset allocation models and to help in the ongoing evaluation of the plan, the Polaris401(k) includes investment policy statement support for the plan sponsor or plan committee.

Participant services in the new product offering include an interactive Web site, a voice-response system in both English and Spanish and automatic account rebalancing.

Additionally, Polaris401(k) offers a one-year fixed account investment option with no market value adjustment and a death benefit equal to the amount invested less withdrawals and fees or current market value, whichever is higher

To learn more about Polaris401(k), call the Polaris401(k) Help Desk at 877-814-401(k) or e-mail polaris401k@sunamerica.com .

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