Trustmark Series of Voluntary Universal Life Insurance Plans Now Available in New York

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Tue Apr 6, 2010 2:09pm EDT

  LAKE FOREST, IL, Apr 06 (MARKET WIRE) -- 
Trustmark Life Insurance Company of New York, an affiliate company of
Trustmark Insurance Company, announces its series of worksite Universal
Life insurance products, including Universal LifeEvents(R) and Guaranteed
Universal Life, is now available in New York.

    "Having our Universal Life Insurance series available to employees in New
York means our flagship product is now sold and supported in all 50
states," said Dave Cirulis, Vice President of Sales and Marketing.
"Offering life insurance in the great State of New York will impact our
voluntary benefit sales nationwide."

    Trustmark's flagship Universal Life series provides Living Benefits for
Long Term Care. Trustmark's Guaranteed UL plan design combines the
flexibility of universal life with the lifetime guarantees of whole life.
Completing the series is Universal LifeEvents(R), another unique plan
that pays a higher death benefit during the working years, when expenses
are high. During the retirement years, it continues to provide higher
living benefits for Long Term Care. With these innovative products,
Trustmark addresses the changing needs of employees in today's voluntary
life and long-term care market.

    "Trustmark's voluntary benefits sales had a record year in 2009, and now
that we offer life insurance through Trustmark Life Insurance Company of
New York, we have opened the door for growth even farther," said Alex
Moral, Trustmark's Senior Vice President. "Enhancing our national
presence is exciting; however, most important is our ability to help
residents of New York protect themselves and their families. Today,
Americans are living longer than ever before. They not only want to
protect their family finances with life insurance coverage during their
working years, but also don't want to burden loved ones with long term
care needs later in their life."

    "Trustmark's Universal LifeEvents(R) is groundbreaking," said Janet
Buzil, Trustmark's Second Vice President of Marketing and Product
Management. "The plan offers a 35-year-old a nearly 50 percent higher
death benefit during the working years than traditional universal life.
Long Term Care benefits continue through retirement to address that unmet
need." 

    Buzil added that she also anticipates a great deal of interest in
Trustmark's Guaranteed Universal Life. "Consumers like the guarantees
whole life provides, such as level premiums, level death benefits,
guaranteed cash values and endowment," said Buzil. "However, if insureds
want to change their whole life policy in any way or want long term care
coverage, they have to purchase an additional policy, accompanied by
additional fees. With Guaranteed Universal Life, insureds need only
obtain one policy."

    All three life insurance plans offer Living Benefits to pay for long term
care, a benefit increasingly in demand in today's marketplace. The series
will be available for June 2010 enrollments.

    About Trustmark Life Insurance Company of New York

    Trustmark Life Insurance Company of New York is an affiliated company of
Trustmark Insurance Company. Trustmark Insurance Company has been serving
the insurance market for nearly a century, specializing in 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, Illinois. To learn more, visit
www.trustmarksolutions.com. 

    

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