Universal Life Events

Here's what you need to know

What it does for you
Why it's important
When you can enroll

The need for long-term care (LTC) services could be one of the greatest risks to your future financial well-being. 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.

Life with Long-Term Care, 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 Life with Long Term Care?

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 is available to you on a guaranteed issue basis – no medical questions asked, and you can’t be turned down – up to benefit amount limits.¹
Guaranteed to last a lifetime: once you have coverage, your rate doesn’t increase as you get older.²

Life with Long-Term Care, 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.

Eligible employees include active, full-time employees aged 18-75. LTC benefits not available to those aged 71-75, with underwriting required for enrollment aged 65+.

Coverage is available to you during the enrollment period on a guaranteed issue basis – no medical questions asked, and you can’t be turned down – up to benefit amount limits.¹

You will need to answer health questions during enrollment. As a qualifying new hire, you can enroll without answering health questions during the annual new hire enrollment period.

Employees can enroll in Life with Long-Term Care within 30 days of their date of hire. Within that window, employee coverage amounts up to $150,000 are guaranteed issue. Employees can enroll anytime after their 30 day window, but they are subject to answer simplified health questions. Spouse amounts are always subject to answer simplified health questions.

Who is the provider?

Trustmark

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

How can this help me?

Universal Life Insurance with Long-Term Care 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.

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 if you retire or leave your company, you can opt for bank account deduction.

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.

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.

Legal Disclaimers

Blue Shield of California is an independent member of the Blue Shield Association.

Blue Shield and the Shield symbol are registered marks of the BlueCross BlueShield Association, an association of independent Blue Cross and Blue Shield plans.

Mercer makes no recommendation regarding your decision whether to purchase this insurance, and we are not acting as a fiduciary investment adviser to you. Mercer may provide information that is developed by Mercer, an insurance carrier or other party to educate you regarding the insurance. You should not construe Mercer’s sharing of this information as a recommendation by, or advice from, Mercer regarding your decision. You may wish to seek the advice of your own financial or investment adviser when deciding whether to purchase this insurance and with respect to any investment component in the insurance.

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

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.

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Universal Life Events | Trustmark

Life with Long-Term Care

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

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