Employee Response Required
Key Details of the Chubb Life + Long Term Care (LTC) Benefit:
- Three ways to receive benefits: LTC, Life Insurance, or LTC + Life Insurance
- Issue age rates - Life Insurance rates do not increase due to age
- Coverage is portable
- Other benefits do not cover LTC expenses
You need to apply or waive your opportunity for guarantee issue* (no health questions) by 4/5/2024. This is the only time to enroll with guarantee issue (no health questions).
Step 1) Review Rates
|
Benefit Features
|
A
|
B
|
C
|
|---|---|---|---|
|
Life Insurance Face Value
|
$25,000
|
$50,000
|
$75,000
|
|
Monthly LTC Benefit Amount
|
$1,000
|
$2,000
|
$3,000
|
|
LTC Rider Duration
|
25 months
|
25 months
|
25 months
|
|
Extension of LTC Benefits
|
50 months
|
50 months
|
50 months
|
|
Total LTC Duration
|
75 months
|
75 months
|
75 months
|
|
LTC Maximum Benefit
|
$75,000
|
$150,000
|
$225,000
|
|
Bi-Weekly Premium**
|
Select age
|
Select age
|
Select age
|
|
Spouse Monthly Premium
|
Select age
|
Select age
|
Select age
|
|
Total Monthly Premium Without Marital Discount
|
Select age
|
Select age
|
Select age
|
|
Total Monthly Premium With Marital Discount
|
Select age
|
Select age
|
Select age
|
|
Benefit Features
|
A
|
|---|---|
|
Life Insurance Face Value
|
$25,000
|
|
Monthly LTC Benefit Amount
|
$1,000
|
|
LTC Rider Duration
|
25 months
|
|
Extension of LTC Benefits
|
50 months
|
|
Total LTC Duration
|
75 months
|
|
LTC Maximum Benefit
|
$75,000
|
|
Bi-Weekly Premium**
|
Select age
|
|
Spouse Monthly Premium
|
Select age
|
|
Total Monthly Premium Without Marital Discount
|
Select age
|
|
Total Monthly Premium With Marital Discount
|
Select age
|
|
Benefit Features
|
B
|
|---|---|
|
Life Insurance Face Value
|
$50,000
|
|
Monthly LTC Benefit Amount
|
$2,000
|
|
LTC Rider Duration
|
25 months
|
|
Extension of LTC Benefits
|
50 months
|
|
Total LTC Duration
|
75 months
|
|
LTC Maximum Benefit
|
$150,000
|
|
Bi-Weekly Premium**
|
Select age
|
|
Spouse Monthly Premium
|
Select age
|
|
Total Monthly Premium Without Marital Discount
|
Select age
|
|
Total Monthly Premium With Marital Discount
|
Select age
|
|
Benefit Features
|
C
|
|---|---|
|
Life Insurance Face Value
|
$75,000
|
|
Monthly LTC Benefit Amount
|
$3,000
|
|
LTC Rider Duration
|
25 months
|
|
Extension of LTC Benefits
|
50 months
|
|
Total LTC Duration
|
75 months
|
|
LTC Maximum Benefit
|
$225,000
|
|
Bi-Weekly Premium**
|
Select age
|
|
Spouse Monthly Premium
|
Select age
|
|
Total Monthly Premium Without Marital Discount
|
Select age
|
|
Total Monthly Premium With Marital Discount
|
Select age
|
Step 2) Apply by 3/29/2024 or Waive Your Opportunity for Employee Guarantee Issue*
*Participation requirement of 5% approved employee applications needed to offer Guaranteed Issue.
Benefit Eligible Employees working 30+ hours per week ages 19-70 can apply with Guarantee Issue up to $100,000 of Life Insurance Benefit and can apply up to $150,000 of Life Insurance Benefit subject to medical underwriting. Employees ages 71-80 can apply up to $50,000 with medical underwriting. All applicants are required to complete 4 Underwriting questions at time of application – the answers to these underwriting questions will not be reviewed by Chubb unless group participation requirements are not met. Spouses require Underwriting consideration for all levels of coverage.
**In the event of a discrepancy between the premiums shown here and the carrier rate calculation, carrier's information will prevail.