Universal Life Events | Trustmark

Universal Life Events | Trustmark
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Trustmark Universal Life with a Long-Term Care Rider

Combined coverage to help protect what matters the most when it’s needed the most.

Please note: If you have previously registered on this site using your BNY Mellon email address, you may need to re-register using your BNY email address. Please call 1-866-250-4510 if you need assistance resetting your account.

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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. 

 

Trustmark Universal Life with a Long-Term Care Rider, 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 Trustmark Universal Life with a Long-Term Care Rider?

 

  • 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 up to $200,000 is available to you (age 64 max) on a modified guaranteed issue basis – only two medical questions asked. Coverage up to $300,000 is available with simplified issue (age 64 max). Employees ages 65-75 are eligible for an alternate Universal Life policy with health questions.1
  • Guaranteed to last a lifetime: once you have coverage, your rate doesn’t increase as you get older.2

Trustmark Universal Life with a Long-Term Care Rider, 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.

 

These are the periods when you are eligible to enroll for Trustmark Universal Life with a Long-Term Care Rider:
 

  1. Within your new hire enrollment period.
  2. If you have a qualifying life event (you get married, have a baby, etc.), call 1-866-250-4510 to change or increase your benefit amount, or add a child or spouse to coverage.
  3. During your employer’s annual enrollment.

 

Check with your employer’s human resources/benefits team for specifics about these timeframes.

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 Trustmark Universal Life with a Long-Term Care Rider helps with the cost of care 

Frequently Asked Questions

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  • Who is the provider?

    Trustmark

     

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

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  • How can this help me?

    Trustmark Universal Life with a Long-Term Care Rider 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, you may contact customer care at 1-800-918-8877 and request payment through bank account deduction.

     

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  • Who in my family is eligible for this program?

    Members of your family who are considered eligible to enroll for this insurance include:

    • You - if you are an active employee working 20+ hours per week, age 18-75. Coverage up to $200,000 is available to you (age 64 max) on a modified guaranteed issue basis – only two medical questions asked. Employees 65-75 are eligible for an alternate Universal Life policy with health questions.
    • Your spouse – age 18-64.Your child(ren) – under age 26
    • Your grandchildren – must be dependent to qualify for coverage.

    Spouse/family coverage can be enrolled independently from the employee's enrollment.

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  • How do I file a claim?

    After you’ve registered within the Trustmark Voluntary Benefits Portal upload your claim information here. If you would like to submit a claim by mail, email ClaimContactVB@TrustmarkBenefits.com and request your claim form.
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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.

    Here are select age-based rates. For ages not posted, please access the enrollment workflow to confirm your individual rate.
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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.
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  • When would my coverage start?
    Coverage begins at the date of application, pending that the application is approved.
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  • How do I cancel my policy?
    Call the Trustmark Customer Care Department at 1-800-918-8877 to initiate your cancelation. Representatives are available from 8:00am – 5:00pm ET.

Are you ready to enroll?

Act now so your Trustmark Universal Life with a Long-Term Care Rider benefit is in place no matter what unfolds in the future.

Please note: If you have previously registered on this site using your BNY Mellon email address, you may need to re-register using your BNY email address. Please call 1-866-250-4510 if you need assistance resetting your account.

Enroll Now

Have a question?

Complete the form for a consultant to call and help you enroll in this benefit.
Or email us at: mycarecoverage@mercer.com

This is a brief description of the benefits under forms GTL 121 C MET, GTL 121 C ERG and applicable riders CTR 121 and STR.121. This is a life insurance benefit that also gives you the option to accelerate some of the death benefit in the event that you meet the criteria for a qualifying event in the certificate. This certificate does not provide long-term care insurance and is not subject to long-term care insurance law. This certificate is also not a long-term care partnership policy or a Medicare supplement certificate. The accelerated death benefit will terminate with the certificate. Benefits provided by this certificate are designed with the intent to qualify for favorable tax treatment under Section 101(g) of the Internal Revenue Code. Unlike the benefits provided by traditional or stand-alone long-term care insurance, the benefits provided by this certificate do not include coverage for the reimbursement of long-term care services. A maximum issue age applies to certain benefits; coverage issued at age 69 or later may differ from what is described here. Limitations on pre-existing conditions may apply. Benefits, definitions, exclusions and limitations and form numbers may vary by state. Please consult your certificate for complete information. For costs, coverage details and terms, see your agent or write the company. Underwriting conditions may vary, and determine eligibility for the offer of insurance. Trustmark® is a registered trademark of Trustmark Insurance Company. Trustmark Universal Life Events® is a trademark of Trustmark Insurance Company.

 

Do You Need Help?

Our team is ready

M-F 9a-6p ET

Phone Number: 1-866-250-4510

 

  • Legal Disclaimers

    1Maximum issue age for modified guaranteed issue is 64. Employees who have previously been offered this coverage may not be eligible for modified 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