5 Trump group long-term care insurance plan facts

Donald Trump’s father, Fred Trump, died from pneumonia in 1999, after suffering from Alzheimer’s disease for six years.

The president-elect’s family history could have something to do with the benefits that his New York City-based Trump Payroll Corp. has offered, and his company’s benefits menu could shape how he thinks of insurance, retirement program and employee benefits once he’s in office.

Here’s a look at five facts about the Trump Payroll Corp.’s group long-term care insurance plan, gleaned from the entity’s Form 5500 filing for 2015.

1. The address

Trump has connections with many corporate affiliates, but the core of his operations is the Trump Organization, which has its main office at 725 Fifth AVe. in New York City. Trump Payroll Corp. has its main office at that same address.

2. Number of participants

The number of participants increased to 159 by March 31, at the end of the plan year, from 154 at the beginning of the plan year.

3. The insurer

The insurer providing the coverage is First Unum Life Insurance Co., a unit of Chattanooga, Tennessee-based Unum Group.

The insurer received $26,149 in payments for the coverage, or about $167 per participant.

Four years earlier, in 2011, the insurer received $31,275, or $181 per covered life, for covering 173 people.

Unum has stopped writing new group long-term care insurance coverage, but many of the company’s older group long-term care insurance plans are still in effect. Trump Payroll Corp. set up its group long-term care insurance program in 2004.

4. The broker

Trump Payroll Corp. bought its group long-term care insurance coverage through the Mineola Agency of Mineola, New York. The broker earned $3,943 in commissions from supplying the coverage.

In 2011, the broker earned $4,691 in commissions.

In both 2011 and in 2015, the broker’s commissions amounted to 15 percent of the long-term care insurance coverage payments.

5. The administrator

Ronald Lieberman, the executive vice president for management and development at the Trump Organization, signed the 2015 Form 5500 for the Trump Payroll Corp. long-term care insurance plan. Representatives from the Trump Organization and Trump Payroll Corp. have not been available for comment, and it’s not clear how much involvement Lieberman has had with the Trump Payroll Corp. decision to offer long-term care insurance benefits.

But it’s possible that, if Donald Trump has heard much about the concept of private long-term care insurance, some of what he has heard may have come to him from Lieberman.

In 2011, Nathan Nelson signed the long-term care insurance plan’s Form 5500. Nelson was vice president for finance, real estate and risk management at the Trump Organization. Nelson could be someone else who had a chance to talk to Donald Trump about long-term care insurance.