Boston University Long-Term Care Benefit

The Long-Term Care benefit provides protection against long-term care expenses with the added features of life insurance benefits and the build-up of cash value.

Long-Term Care services consist of qualified care received in a facility or at home for treatment of cognitive impairment or the loss of two or more of the activities of daily living.  Approximately 2 in 3 people turning age 65 will need some type of paid long-term care services in their lifetime.

This long-term care benefit is a Universal Life insurance policy with a long-term care rider through Trustmark Insurance Company.

Please take a few minutes to review this overview video on the importance of long-term care planning and the special features of this benefit: here

You can apply for the Boston University Long-Term Care (LTC) Benefit through the Evidence of Insurability (EOI) process using the link below.  If you have any questions about the Boston University LTC Benefit, please contact Covala Group, the administrative service provider, at (877) 513-1450 or via email at LTC@covalagroup.com. You may also contact the Human Resources Service Center at hr@bu.edu or 617-353-2380.”

Enrollment Website: https://trustmark.benselect.com/BostonUniversity

Username: EE ID

Pin: 8 digits (last 4 of Employee Identification Number plus full birth year)

* The LTC Benefit is a Long-Term Care benefit rider (in MA an Accelerated Death Benefit for Chronic Illness rider and in NY a Convalescent Care Benefit rider) and is an acceleration of the death benefit and is not Long-Term Care Insurance (except in LA and VA, where the LTC benefit is Long-Term Care Insurance).  This is different from a traditional long-term care policy or state-partnership program.  It does not provide Medicaid asset protection or tax deductibility.  It does, however, ensure that even if you don’t need to pay for long-term care expenses your family will have access to additional life insurance benefits and the build-up of cash value.  Acquiring this benefit does not preclude you from also purchasing a traditional long-term care policy on your own.