Step #1: Select a Life Insurance amount
Eligible employees select up to $150,000
Step #2: Calculating your monthly Long-Term Care (LTC) benefit
You get 4% of the selected Life Insurance amount as your monthly LTC benefit
Example:
Step #3: Calculating your total Long-Term Care (LTC) benefit
You get 2x the selected Life Insurance amount as your total LTC benefit
Example:
The Trustmark LTC + Life Insurance program combines LTC benefits with Life Insurance. As long as coverage is active, a benefit will pay. You don’t have to make any decisions on how you use your benefits until you actually need them.
Here is an example 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.