Universal Life Insurance and Trustmark Life Events can help provide for your family’s needs after your death.
Support your family’s way of life when the unexpected occurs.
What is Trustmark Universal Life Insurance and Life Events with Long-Term Care Benefits? It’s a highly flexible plan providing insurance protection and offering your family the means to help cover final expenses, maintain their way of life and supplement college or retirement savings.
What is Universal Life?
Universal life insurance is a form of permanent life insurance designed to provide financial protection for your family in the event of unexpected loss of a spouse, while also serving as a versatile financial instrument to navigate various life stages.
What is Trustmark Universal Life Events?
LifeEvents is a type of permanent life insurance that offers financial protection for your family in case of an unforeseen loss of either you or your spouse. Additionally, it has the potential to accumulate cash value over time, which can be tapped into during difficult life circumstances.
What is the difference between Universal Life and Universal Life Events?
With Life Events, you have a higher death benefit during working years when expenses are high and your family needs maximum protection. Then, at age 70 when financial needs are typically lower, the death benefit reduces to one-third. This adds a level of afford-ability compared to basic Universal Life plans. For an example, if you purchase a $75,000 Life Events policy at age 40 your death benefit will be $75,000 until age 70. At age 70 your death benefit would then decrease to $25,000. This adds a level of afford-ability compared to basic Universal Life plans.
Example:
35-year-old signs up for a $75,000 benefit
Before age 70 Death benefit = $75,000
After age 70 death benefit = $25,000
With Universal Life, your death benefit stays the same the entire life of the policy.
Plan highlights:
- Universal Life Insurance with cash value accumulation enabling employees to adjust death benefit, cash value and premiums as insurance needs change.
- Employees can purchase an affordable guaranteed issue amount of coverage for up to $15.00 weekly, depending on your age with a maximum of up to $300,000 with modified underwriting.
- Long term care rider built in allowing the employee to utilize 4% of the death benefit per month when receiving assisted living, home healthcare, adult day care or skilled nursing home care. Total benefits paid are not to exceed the death benefit amount which results in the death benefit to be reduced proportionately.
- For the Life Events option, the plan pays a higher death benefit during working years when expenses are high and then reduces to one third at age 70 when life insurance needs are typically lower. With this plan the long-term care rider benefits would not reduce and would continue throughout retirement.
- Fully Portable – you can continue coverage if you change jobs or retire.
- Premiums are paid through the convenience of payroll deduction.
Click the link below to download the brochure.
Trustmark Universal LifeTrustmark Events with Long-Term Care
Interested in learning more?
If you would like to sign up or learn more about this plan, please fill out the form to be contacted by a representative.
Let’s Get Started
