Step #1: Select a Life Insurance amount
Associates and spouses/domestic partners select up to $200,000
Step #2: Calculating your monthly Long-Term Care (LTC) benefit
You get 4% of the selected Life Insurance amount as your monthly LTC benefit
Step #3: Calculating your total LTC benefit
You get 1x the selected Life Insurance amount as your total LTC benefit
As long as you continue coverage, a benefit (either life insurance or LTC) will be paid. You don’t have to make any decisions on how you use your benefits until you actually need them. Here is an example of how the Trustmark program provides for you and your family.
Note: Death benefit reduces to 1/3 the original amount at the latter of age 70 or the 15th policy anniversary.
No employer contributions are made for voluntary benefits. Employee participation in voluntary benefits is completely voluntary. Neither Ascension nor any entity related to Ascension (collectively “Ascension Entities”) endorses any particular voluntary benefit or provider thereof. The role of the Ascension Entities is limited to permitting insurers to publicize voluntary benefit programs and collecting and remitting premiums, if applicable. The Ascension Entities receive no consideration whatsoever in connection with the voluntary benefit programs.