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 3/8/2024. 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
|
|
Monthly 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
|
|
Monthly 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
|
|
Monthly 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
|
|
Monthly 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 3/8/2024 or Waive Your Opportunity for Employee Guarantee Issue*
*Participation requirement of 5% approved employee applications and 70% active enrollment needed to offer Guaranteed Issue.
Benefit Eligible Employees working 20+ 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 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 and domestic partners 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.