VOLUNTARY BENEFITS | Trustmark

TRUSTMARK | Income Protection Plans

You may purchase additional insurance from Trustmark that will help to cover additional out-of-pocket expenses. These policies offer direct-to-the-policyholder cash payouts to help cover what other insurance doesn’t. The policies available include; Accident, Critical Illness, and Universal Life insurance. Your premiums are paid through payroll deductions on an after-tax basis. These Trustmark policies are portable, which means that you can keep them should you change jobs or retire, with no increase in premiums.

ACCIDENT INSURANCE
Group Accident insurance pays benefits to help you cover the unexpected costs associated with a covered accident. Benefits are flat dollar payments by incident (not based on medical expenses incurred) that you can use to reimburse you for any out-of-pocket costs associated with your accident. There is also a $50 annual wellness benefit payable for completing certain screenings. You are not required to answer health questions, and there are no pre-existing condition limitations. This plan is available to you, your spouse and dependent children.

CRITICAL ILLNESS INSURANCE
Trustmark’s Critical Illness insurance, Critical HealthEvents, can help you protect yourself and your family from the unexpected cost of fighting a life-threatening illness. You’ll receive a lump-sum cash payment upon the diagnosis of a covered condition such as a heart attack, stroke, cancer or end-stage renal failure. There is also a $50 annual wellness benefit payable for completing certain screenings. Benefits are paid for early detection as well as for later-stage diagnosis. This plan replenishes your annual coverage amount, allowing you to remain covered for new or reoccurring condition(s). Depending on the diagnosis, your benefit payment will be either 100%, 50%, or 10% of your selected benefit amount. Coverage is available from $10,000-$50,000 for employees, 50% of employee election for spouse, and 10% of election for child(ren). Guarantee issue is offered at initial eligibility.

SHORT TERM DISABILITY
Short Term Disability (STD) can be purchased through Trustmark to provide income replacement if you become disabled due to accident, sickness, or pregnancy. Guarantee issue is available at initial eligibility or upon hire.

UNIVERSAL LIFE INSURANCE
Universal Life insurance provides lifelong protection to your loved ones in case of your death. This plan includes a long-term care benefit that is funded through life insurance. Premium rates are determined by your age at time of enrollment, so the plan remains affordable vs. term policies that become cost-prohibitive as you age. Employee and spouse coverage is available up to $300,000, and child/grandchild coverage is also available. Guarantee issue is offered at initial eligibility.