The Universal LifeEvents with a Long Term Care (LTC) Rider is a different type of Life Insurance plan than comes with benefits for LTC if you need it. The rate you pay will not increase as you age. The plan belongs to you. If you leave the district, you can continue to pay the same amount and keep the coverage.
You can elect coverage for yourself, your spouse, and children up to age 23. There are many factors that will determine what your cost will be. You will be able to see the cost for the plans when you call SMBO at 877 282 0808 or log into the system through the 4YOU app.
EMPLOYEE UNIVERSAL LIFE COVERAGE
You may elect coverage amounts between $5,000 and $300,000.
If youare under age 65 when you first enroll in the plan:
- You may choose up to $150,000 without answering any medical questions.
- At age 70 (or 15 years after you start the plan, whichever is later) the benefit reduces by 2/3 rd
If you are 65 or older when you first enroll in the plan:
- You will have to answer medical questions for any amount enrolled.
- There is no age reductions so the amount you elect is in place as long as you keep the pla
* Long Term Care rider only available if you enroll in the plan prior to age 71
Long Term Care
Solving the long-term care issue
At any point in your life, you may need long-term care services, which could cost hundreds of dollars per day. Universal LifeEvents includes a long-term care (LTC) benefit that can help pay for these services at any age. This benefit remains at the same level throughout your life, so the full amount is always available when you most need it.
Here’s how it works:
4%
You can collect 4% of your Universal LifeEvents death benefit per month for up to 25 months to help pay for long-term care services.
Flexible features available:
2x
PLUS: if you collect a benefit for LTC, your full death benefit is still available for your beneficiaries, as much as doubling your benefit.
Contact Information
Administered by Trustmark
Customer Service 1-800-918-8877
Email Trustmark