Learn More About Long-Term Care Coverage

Long-term care coverage includes living benefits that provide financial support to cover the cost of long-term care like nursing home, assisted living, or home care that you and your eligible dependents might need as a result of an accident, illness, or aging. If you or your eligible dependents become chronically ill, this policy will pay 4% of the death benefit each month you or your eligible dependents receive long-term care. You can use this money any way you choose, and your life insurance premiums will be waived.

• Your death benefit will reduce proportionately each month as you receive benefit payments for long-term care. After 25 months of receiving long-term care benefits, your death benefit will reduce to zero.

Long-Term Care coverage provides peace of mind knowing you won't become a burden to loved ones if you become ill. While it's true that Medicare may cover some long-term care costs, Medicare's coverage can be very limited. Long-term care coverage is the best way to protect yourself, your family, and your financial assets.

• Seniors aged 65 have a nearly 70% chance of needing Long Term Care services in their future¹
• Women (3.7 years) stay in long-term care facilities longer than men (2.2 years)¹
• 20% of today's 65-year-olds will need long-term care for longer than 5 years¹

 

¹U.S. Department of Health and Human Services (DHHS)’s Administration on Aging (AOA)

This policy through Chubb provides lifelong protection with flexible premiums. 

• Coverage is available for yourself, your spouse, and your child(ren).
• Flexible permanent insurance designed to last a lifetime.
• Benefits for long-term care services such as home health or nursing home care - you can access 4% of the selected life benefit per month if you need Long Term Care.
• Death benefit is guaranteed 100% when it is needed most – during the working years when a family is relying on income. While the policy is in force, the death benefit is guaranteed for the longer of 25 years or through age 70.
• Even after age 70, when income is less relied upon, the death benefit is guaranteed to never be less than 50% of the original death benefit, up to $50,000.

You pay for this benefit conveniently through payroll deduction.

In addition to long-term care coverage, this policy includes life insurance for your family. As life insurance, this plan protects your family with money that can be used any way they choose. It is most often used to pay for mortgage or rent, education for children and grandchildren, retirement, family debt, and final expenses.

Additional Features: 

• The plan includes a Terminal Illness Benefit Rider which accelerates 50% of the death benefit amount, up to $100,000, if you are diagnosed as terminally ill and your coverage has been in place for at least two years.
• The plan is portable, meaning you can take this with you, at the same rate, if you change jobs or retire.
• Life insurance premium will never increase and are guaranteed through age 100. After age 100 no premium is due.