Enroll November 20 - December 15, 2023

Enrollment counselors will be enrolling employees from November 20 - December 15, 2023 and during this enrollment period only, you can elect coverage without answering medical questions! If you do not elect coverage during this enrollment period and choose to enroll in this benefit at a later date, you may be subject to medical underwriting. You must actively be at work to enroll. There are two ways to enroll in Permanent Life Insurance with Long-Term Care:

  • Self-Service Option: Enroll online at chubb.benselect.com/universalmusic.
    Employee ID: Employee ID Number
    PIN: Last 4 digits of your Employee ID Number + last 4 digits of your birth year
  • With the Support of an Enrollment Counselor
    Each benefit-eligible employee has the opportunity to speak with an enrollment counselor to learn more. During your individual appointment, you will have the opportunity to ask questions, get more information, get a personalized quote, and enroll you and your dependent(s) in coverage.

    To schedule your appointment, click the button below or call 800-229-3642, Monday - Friday, 8 a.m. - 5 p.m., PT and a coordinator will help you schedule your appointment.

Schedule Your Enrollment Appointment

What is Permanent Life Insurance with Long-Term Care? ▼

Permanent Life Insurance with Long-Term Care provides lifelong protection with flexible premiums. It is one policy with two benefits - life insurance coverage and long-term care benefits if you need them.

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.

Program Highlights
  • 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 must actively be at work to enroll. You pay for this benefit conveniently through payroll deduction.

Plan Brochure

Why is Permanent Life Insurance with Long-Term Care Important? ▼

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 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)

Why is Permanent Life Insurance with Long-Term Care Beneficial for You and Your Family? ▼

  • 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 with 12 months or less to live and your coverage has been in place for at least two years.
  • The plan also includes an Extension of Benefits Rider which extends the same monthly Life Insurance with Long-Term Care benefit for up to an additional 25 months, doubling the value.
  • The plan is portable, meaning you can take this with you, at the same rate, if you change jobs or retire.
  • Life insurance premiums will never increase and are guaranteed through age 100. After age 100 no premium is due.

Why Now? ▼

  • Premiums are based on age - the younger you are when you enroll, the more benefit you receive for the same premium.
  • The state of Washington implemented the first public long-term care program funded through an additional payroll tax for all working residents. A California task force is considering a payroll tax. Permanent Life Insurance with Long-Term Care may satisfy the state's requirements for tax exemption. There are 25+ additional states that may follow Washington’s lead in creating a payroll tax for all working residents.
  • During this enrollment period only, you have a special opportunity to elect coverage, without answering medical questions. 

 

Permanent Life Insurance with Long-Term Care Examples

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.*

Max Matt-1

Maximum Matt

  • 35 year old non-smoker
  • Matt enrolls in a $150,000 death benefit
  • If Matt needs long-term care, he will receive $6,000 per month
  • The plan costs Matt $26.57 per week
Budget Becky-1

Budget Becky

  • 29 years old smoker
  • Becky enrolls in a $25,000 death benefit
  • If Becky needs long-term care, she will receive $1,000 per month
  • The plan costs Becky $4.53 per week
Protected Paul-1

Protected Paul

  • 45 years old non-smoker
  • Paul enrolls in a $50,000 death benefit
  • If Paul needs long-term care, he will receive $2,000 per month
  • The plan costs Paul $14.67 per week

*These are fictional illustrations. Limitations and exclusions apply. Refer to the policy, certificate and riders for complete details.