Mercer Health & Benefits Administration LLC is an insurance broker and has arranged a program through Long-Term Care Resources (LTCR) for our clients to offer Long Term Care Insurance and Life Insurance with Long Term Care (hybrid) to their members. Long-Term Care Resources is the insurance producer for the program and will provide you with comparable quotes from the available insurers and work with you to select an insurer. While other insurers or programs may be available in the insurance marketplace, we are offering the LTCR program.
In accordance with industry custom, we are compensated through commissions that are calculated as a percentage of the insurance premiums charged by insurers. We may also receive additional monetary and nonmonetary compensation for insurers, or from other insurance intermediaries, which may be contingent upon such factors as volume, growth or retention of business. This compensation may include payment from insurers for marketing related expenses or investments in technology. Our compensation may vary depending on the type of insurance purchased and the insurer selected. The carrier(s) include the following commissions in their quotes. Please note that not all products are available for all clients. Please contact us at 1-888-206-5088 if you would like additional information.
LTC Insurance Carriers |
Year 1 |
Year 2-10 |
Year 11+ |
John Hancock |
10.0% |
5.0% |
2.0% |
Genworth TPM |
10.0% |
4.0% |
4.0% |
LifeSecure |
15.0% |
3.0% |
0.5% |
Transamerica |
10.0% |
5.0% |
2.0% |
Mutual of Omaha |
10.0% |
5.0% |
2.0% |
Life — LTC Hybrid Carriers |
Year 1 |
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Genworth TLC |
3.0% |
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Lincoln Money Guard |
Up to 15% |
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Marsh & McLennan Companies and its subsidiaries own equity interests in certain insurers and have contractual arrangements with certain insurers and wholesale brokers. Information regarding such interests and contracts is available at www.mercer.com/transparency. Information on material ownership, if any, that a quoting insurer has in Marsh & McLennan Companies or its subsidiaries is available upon request.
Mercer is prohibited by law in most states from altering the amount of compensation received from the insurer based in whole or in part on the sale of this insurance.1
1 Anti-rebating laws in most states prohibit Mercer from altering the amount of compensation received from the insurer based in whole or in part on the sale of this insurance.