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
To receive guarantee issue* (no health questions), you need to apply by 4/26/2024.
1. Review Rates (additional plan options available)
|
Benefit Features
|
A
If an applicant elects a life insurance face value amount less than $38,000, the benefit amount will equal $50 per day (~ $1,500 per month). The benefit payment duration will be subject to the Remaining Accelerated Death Benefit Amount.
|
B
|
C
|
|---|---|---|---|
|
Life Insurance Face Value
|
$25,000
|
$50,000
|
$75,000
|
|
Monthly LTC Benefit Amount
|
$1,500
|
$2,000
|
$3,000
|
|
LTC Rider Duration
|
16.6 months
|
25 months
|
25 months
|
|
Extension of LTC Benefits
|
33.2 months
|
50 months
|
50 months
|
|
Total LTC Duration
|
49.8 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
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|
Total Monthly Premium Without Marital Discount
|
Select age
|
Select age
|
Select age
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|
Total Monthly Premium With Marital Discount
|
Select age
|
Select age
|
Select age
|
|
Benefit Features
|
A
If an applicant elects a life insurance face value amount less than $38,000, the benefit amount will equal $50 per day (~ $1,500 per month). The benefit payment duration will be subject to the Remaining Accelerated Death Benefit Amount.
|
|---|---|
|
Life Insurance Face Value
|
$25,000
|
|
Monthly LTC Benefit Amount
|
$1,500
|
|
LTC Rider Duration
|
16.6 months
|
|
Extension of LTC Benefits
|
33.2 months
|
|
Total LTC Duration
|
49.8 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
|
2. Apply by 4/26/2024 for Employee Guarantee Issue*
*Participation requirement of 5% approved employee applications and 70% active enrollment needed to offer Guaranteed Issue.
3Benefit 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. 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.