Understanding LTC Benefits
During the special enrollment period, eligible employees* will be able to select up to $100,000 in life insurance without medical underwriting.
The amounts listed below are illustrative. Click "Enroll Now" to see your personal rates and complete enrollment.
How does it work?
CALCULATE YOUR LTCI COST vs. BENEFIT
Disclaimer: This sample is intended to help inform and educate and shows example rates and potential benefits for the selected conditions. Please refer to the enrollment system for final rates and underwriting eligibility. This is not an offer of coverage.
Understanding the LTC Calculator
Benefit Amount is the life insurance amount you select when enrolling. A death benefit is paid out to your beneficiary when you pass away if LTC is not used.
Monthly LTC Benefit: Once you qualify for long-term care services, 4% of the Death Benefit per month can be accelerated up to a maximum of 25 months.
Max LTC Benefit is your total life insurance amount that can be accelerated for long-term care services over 25 months.
Monthly Premium: The estimated cost of the insurance based on your Current Age, Smoking Status, and benefit amount selected.
Total Paid Premiums are your cumulative total monthly premiums from your Current Age to your projected Claim Age. There may be slight differences due to rounding.
Insurance Multiplier is the Max LTC Benefit divided by the Total Paid Premiums.
Disclaimer
This illustration is intended to help inform and educate and shows example rates for the LifeTime Benefit Term product only and potential benefits for the selected conditions.
Please refer to the enrollment system for final rates.
*Coverage for spouses is contingent on the purchase of coverage by their eligible employee partner. Spouses are eligible for a maximum of a $25,000 benefit amount.
*New Chubb LifeTime Benefit Term policies are not available to employees over 70 years of age, or spouses over 60 years of age. Employees must be actively at work at least 30 hours per week to enroll.