Protecting your loved ones is one of life’s greatest responsibilities. When a family loses someone, in addition to grief, survivors may suddenly be faced with costly expenses and debts and even a loss of income. You may also, at any point in your life, need long-term care services, which could cost hundreds of dollars per day. Many families would have trouble paying for living expenses if they lost their primary earner.
Life Insurance with Long-Term Care (LTC) combines the benefits of life insurance with living benefits, which can be utilized for long-term care, home healthcare, adult day care, or assisted living. Many people have concerns about protecting their families’ future should something happen to them. Adding to these concerns is the likelihood that they will need LTC. Life Insurance with living benefits provides an answer to both of those worries. Buying LTC insurance may be cause for hesitation due to the cost or fear of not utilizing the benefits, but this product does not create a “use it or lose it” situation. Regardless of whether the benefit left is from LTC or life, the beneficiary will still receive payout.
You will need to answer health questions during enrollment. As a qualifying new hire, you can enroll without answering health questions during the annual new hire enrollment period.
Eligible associates include:
Mercer Voluntary Benefits
12421 Meredith Drive
Urbandale, IA 50398
M-F 6a-3p PT
Trustmark Voluntary Benefits Customer Care
P.O. Box 7937
Lake Forest, IL 60045-7937
*The LTC benefit can be extended for an additional 25 months with Extension of Benefits.
Answers about the plan, including eligibility, options, enrollment, customer service and more.
Who is the provider?
How can this help me?
The Life Insurance with Long-Term Care benefit combines the benefits of life insurance with living benefits which can be utilized for long-term care, home healthcare, adult day care or assisted living. This can help you protect your families’ future with end-of-life benefits and provide a benefit to you should you need LTC services.
You may be hesitant to buy LTC insurance because of the cost or fear of not utilizing the benefits, but this product does not create a “use it or lose it” situation. Regardless of whether the benefit left is from LTC or life, the beneficiary will still receive payout.
When can I enroll?
How much will this coverage cost?
What if my employment status changes?
Won’t the Federal Government pay for my Long-Term Care?