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.
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.
1U.S. Department of Health and Human Services (DHHS)’s Administration on Aging (AOA)
This policy through Chubb provides lifelong protection with flexible premiums.
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:
If you have questions about this product contact Chubb at (855) 241-9891
Because you can choose the amount of coverage you elect, coverage is flexible enough to fit into a wide variety of budgets. See below for examples of how the new benefit could provide for you and your family.*
*These are fictional illustrations. Limitations and exclusions apply. Refer to the policy, certificate and riders for complete details.
You are not be able to make any changes until the annual benefits Open Enrollment (usually in November) with the effective date of January 1 of the following year.
If you have questions about this product contact Chubb at (855) 241-9891