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Your Employee Advantages

Good news! Sony offers a voluntary Long-Term Care + Life Insurance benefit from Trustmark.

Acceptance into the program is guaranteed for newly eligible employees during an approved enrollment period.  All other eligible employees may apply with medical underwriting during an approved enrollment period. Please review the information below.

2 for 1

One policy with two benefits. Life insurance protection for your family during your work years and long-term care protection if you happen to need care.  As long as coverage is active, a benefit will always pay.

Guarantee Issue

Newly eligible employees aged 18-64 can select up to $150,000 of life insurance with automatic acceptance (no health questions) and up to $300,000 of life insurance with medical underwriting during an approved enrollment period. Eligible employees age 65-70 and spouses/partners age 18-70 are eligible to apply for coverage with medical underwriting during an approved enrollment period. 

Lock in your Rates

Pricing is based on your age. The longer you wait to purchase coverage, the more expensive it will be. 

Life Insurance

Life insurance protects your family with money that can be used any way they choose. It is most often used to pay for mortgage or rent, education for children and grandchildren, retirement, family debt, and final expenses. You can select up to $150,000 with GUARANTEED acceptance into the program.

1 Policy with 2 Benefits

Long-Term Care (LTC)

For long-term care, if you become chronically ill and qualify for benefits, you can access 4% of the selected life benefit per month if you need LTC. The LTC benefit keeps paying up to 2x the life insurance benefit if you continue to need care. A death benefit is available even if you collect benefits for LTC. The death benefit also restores when the LTC benefit is used.

Example: $100,000 of life insurance would pay $4,000 per month in LTC benefits with a total LTC benefit of $200,000. 

The cost of Long-Term Care compared to your Assets & Expenses

Long-term care services can be expensive.  According to the US Department of Health and Human Services, the average cost of care can range from $75,000 - $116,000 depending on the type of care you are receiving and where you are receiving that care. Long-term care planning should be a included in any responsible personal financial plan.   

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What are employee's top 4 sources of financial stress?

Financial stress is never a good thing, especially if you're thinking about retirement. If you are concerned about being able to afford healthcare costs in retirement or outliving your retirement savings you're not alone according to a recent MetLife study. The largest potential healthcare expense during retirement may be a long-term care event. The Trustmark life insurance with LTC benefits program offers long-term care protection if you happen to need care at any point.

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Americans realize the importance of LTC coverage

More than half of Americans say they need long-term care coverage yet only around 1/3 have coverage. As we age the likelihood of needing long-term care services increase. The most recent US Department of Health & Human Services data says around 70% of us will need care at some point. That's a big number! The good news is the Trustmark program offers you both life insurance, to protect your family now, and long-term care coverage if you happen to need those services later on.  

A- (Excellent) Rated Insurance Carrier

A.M. Best has affirmed the Financial Strength Rating of A- (Excellent).