Understanding LTC Benefits
During the special enrollment period that ends March 3, 2025, eligible employees* will be able to select up to $150,000 in life insurance without medical underwriting** and $200,000 in life insurance with medical underwriting.
The amounts listed below are illustrative. Click "Enroll Now" to see your personal rates and complete enrollment.
How does it work?
CALCULATE YOUR LTCI COST vs. BENEFIT
Disclaimer: This sample is intended to help inform and educate and shows example rates and potential benefits for the selected conditions. Please refer to the enrollment system for final rates and underwriting eligibility. This is not an offer of coverage.
Understanding the LTC Calculator
Benefit Amount is the Life insurance amount you select when enrolling. A death benefit is paid out to your beneficiary when you pass away if LTC is not used. The death benefit is reduced to one-third at age 70 or on the 10th policy year, whichever is later. For simplicity, we assumed the death benefit is calculated based on the claim age.
Monthly LTC Benefit: Once you qualify for long-term care services, 4% of the Death Benefit per month can be accelerated up to a maximum of 50 months with extension of benefits.
Max LTC Benefit + Extra Death Benefit is your Benefit Amount accelerated for long-term care services for 25 months plus the extension of benefits for long-term care services that extends the LTC benefits by another 25 months plus the extra death benefit. The extra death benefit is reduced to one-third at age 70 or on the 10th policy year, whichever is later.
*LTC benefit extension and restoration of death benefit is not available for employees ages 71-75.
Monthly Premium: The estimated cost of the insurance based on your Current Age, Smoking Status, and Benefit Amount selected. Your total monthly payroll deductions are approximately equal to the monthly premium.
Total Paid Premiums are your cumulative total monthly premiums from your Current Age to your projected Claim Age. There may be slight differences due to rounding.
Insurance Multiplier is the Max LTC Benefit + Extra Death Benefit divided by the Total Paid Premiums.
Disclaimer
This illustration is intended to help inform and educate and shows example rates for the Life + Care product only and potential benefits for the selected conditions.
Please refer to the enrollment system for final rates. All employees located in New Mexico will need to login to the enrollment system for rates. In some rare instances, the example rates can vary from final rates due to system update timing issues.
*Coverage for spouses is contingent on the purchase of coverage by their eligible employee partner. Spouses are eligible for 50% of the employee's purchased amount, with a maximum of $20,000 benefit amount.
*New Trustmark Life + Care policies are not available to employees over 75 years of age, or spouses over 70 years of age. Employees must be actively at work (not on a leave of absence) to enroll.