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Your policy's cash out value also may be referred to as the available partial surrender value. If you choose to surrender the policy, this is the amount that you will receive in cash. This amount typically is far less than the face value of the policy.
Voluntary benefits are services and/or goods that an employer offers at a discounted group rate but are paid for (either fully or partially) by an employee through a payroll deduction. Voluntary benefits are supplemental to other traditional benefits (health insurance, retirement, etc.)
Trustmark Universal LifeEvents® is a plan that covers both. Universal LifeEvents provides a higher death benefit during your working years, when your needs and responsibilities are the greatest. When you turn 701 (and those expenses are likely to be much less), the death benefit reduces to 1/3 your original amount.
Can I do it online or over the phone? If your account is at a zero balance, email us via myTrustmark to close your account. Send a secure message via Message in the main menu and include the account number of the account you wish to close.
Voluntary term life insurance coverage is typically offered on a year-by-year basis, so you can choose to renew, change, or cancel each year (i.e., during open enrollment).
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Statutory benefits, also known as mandatory benefits, are entitlements that employers are obligated by law to provide to their employees. Common examples include benefits like paid annual leave, parental leave, worker's compensation insurance, and paid sick leave.
Voluntary benefits\u2014also called voluntary group insurance\u2014are plans provided to employees at little to no cost to the employer.
If you wish to cancel or change your voluntary life, short-term disability, or long-term disability insurance outside of Open Enrollment, you can do so by contacting your insurance broker.
Voluntary benefits are an effective way to attract and retain the top employees, with little to no effect on your bottom line. These benefits (also known as worksite benefits) are a great way to fill the void of coverage that traditional benefits don't cover.
If your account is at a zero balance, email us via myTrustmark to close your account. Send a secure message via Message in the main menu and include the account number of the account you wish to close. You can also call 1-800-243-2524 to speak with Customer Service.

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