LAKE FOREST, Ill. – To meet market demand, Trustmark Voluntary Benefit Solutions has enhanced its worksite Critical Illness (CI) insurance plan to offer more payouts under a single policy.
New riders provide increased financial protection and are being offered to new groups in 33 states, with effective dates in January 2012.
Trustmark policyholders currently receive a single lump-sum payment if diagnosed with any of 11 critical illnesses, or a maximum of two payouts under a Double Benefit Rider. With the new riders added to their policy, Trustmark insureds can receive one payout for each condition, as well as a payout if the condition reoccurs.
“Trustmark has now created one critical illness policy that offers countless ways to benefit our clients. It’s that simple,” said Alex Moral, Senior Vice President, Trustmark Voluntary Benefit Solutions. “Fifteen or 20 years ago, more critical illnesses proved fatal than they do today, with greater survival rates now occurring due to modern medicine. As a result of such changes in the health of our society, Trustmark’s new riders better meet the needs of the American workforce.”
A payroll-deducted critical illness plan helps fund everyday household expenses while insured members recover from life-changing illnesses such as cancer, heart attack or stroke. The benefit is a four- to six-figure lump sum amount awarded above and beyond medical treatment coverage of a core health plan.
Next year, Trustmark plans to make the riders available in the remaining states and to existing clients. For more information, brokers can contact their Trustmark Voluntary Regional Sales Director.
About Trustmark Voluntary Benefit Solutions
Trustmark Voluntary Benefit Solutions has been serving the insurance market for nearly a century, specializing in payroll-deducted voluntary benefits, including Life, Critical Illness, Disability and Accident. All plans are underwritten by Trustmark Insurance Company, a Trustmark Company.
Through its subsidiaries and operating divisions, the Trustmark Companies offer a full line of health, life, and benefit administration products and services to groups and individuals. The success of each Trustmark Company is based on building and maintaining trust through personal, responsive service and flexible benefit solutions. Trustmark is based in Lake Forest, Ill. To learn more, visit our blog at http://tvbsnews.wordpress.com.