LTC Insurance FAQs

You could need Long-Term Care (LTC) because of an accident, illness, cognitive impairment or simply due to aging.

This plan is designed to help you and your family plan for the high cost of Long-Term care and combines the benefit of life insurance. You WILL receive a benefit, either for LTC, Life Insurance, or both.

Choose a life insurance benefit and you will receive a monthly LTC Benefit of 4% of the life insurance benefit to use for Professional Care or 2% of the life insurance benefit to use for Family Care upon LTC claim approval.

The death benefit will decrease to 1/3 of the original face value at age 70 or after 10 years, whichever is greater. Your LTC benefit does not reduce.

Yes, Trustmark restores the death benefit to the current death benefit value (at age 70 or after 10 years this would be the reduced death benefit).

Your beneficiary will receive the death benefit upon your death.

The Extension of Benefits Rider extends benefits payable for Professional Care for an additional 25 months. It extends benefits payable for Family Care for an additional 50 months. The extension becomes effective only after benefit payments under the home health and long-term care benefit rider have been exhausted.

This Rider will terminate on the earliest of the following:

1. The Monthly Deduction Day immediately following the day Trustmark receives the Owner’s written request for termination (likely scenario would be that care is no longer needed) or
2. The date the Certificate terminates (the policy expires at age 121) or
3. The full additional 25-month amount has been used (or 50 months is using Family Care)
4. The date extended benefits end. If you start using the extended benefits, but your health improves and you no longer need care, then you forfeit the remaining months.

Premiums are based on the age at which you apply for coverage. They do not increase each year as you get older. The rates are guaranteed not to change.

You pay premiums until age 100 and you must use the LTC benefit or death benefit by your 121^st birthday. If you don’t use it by your 121^st birthday, then your plan benefits expire.

After you have had coverage for at least 10 years, you may elect to pay no additional premiums and convert your plan into either Extended Term or Reduced Paid-Up life insurance (death benefit and long-term care benefits). Details will depend on your plan, age, benefit amount and how long you have had coverage

When you need assistance and are certified by a physician as needing assistance with 2 out of 6 Activities of Daily Living (ADL’s) or you are diagnosed with cognitive impairment after the first 90 days. The ADL’s are bathing, eating, transferring, toileting, continence, and dressing.

Yes – eligible spouses/domestic partners can apply for coverage up to $25,000 with Guarantee Issue. The employee must apply for the spouse/domestic partner to be eligible. Spouse/domestic partner coverage cannot exceed employee coverage.

Yes, first the employee must list the spouse/domestic partner as a dependent on their application on the enrollment website. Once the spouse/domestic partner is added as a dependent, coverage can be selected, and an application completed.

Confirmation of your application called ‘Enrollment Verification’ will be available to download and print after signing.

Yes, the Trustmark policy is portable by paying your premiums directly to Trustmark. As long as you continue to pay your premiums, your coverage will remain in force. The rate does not change when you leave employment.

Trustmark has been in business since 1889

Learn more about Trustmark by visiting Home | Trustmark (trustmarkbenefits.com)

No

No

Post-tax

You will receive a letter from Trustmark with instructions to login to Voluntary Benefits | Trustmark (trustmarkbenefits.com). Your policy documents will be available to download and print.

Password reset – click on ‘Forgot Password’

Enter your email address and complete the ‘Verification Code’

Your password reset will be emailed to you

1. Is the proposed insured now disabled – i.e., unable to engage in normal activity due to physical or mental impairment?
2. Has the proposed insured been seen by a physician or treated in a medical facility, including a doctor’s office, within the last 6 months for illness or disease (other than flu and colds)?
3. Has the proposed insured had within the past 5 years: heart disease; chest pains; high blood pressure; stroke; diabetes; cancer; tumor; kidney disease; blood disorder (excluding any testing for HIV antibodies); liver disease; lung disease; or other known health impairments?

Disclaimer: The underwriting questions within this proposal are for illustrative purposes only. The number of underwriting questions and the questions themselves can vary depending upon the state-specific application.