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.