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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.
Reported by Rebecca Moore
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.
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.
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