Life with Long Term Care

Life insurance protects your family with money they can use to pay the mortgage or rent, provide education for children or grandchildren, retirement, family debt, final expenses, etc.

Employees regularly scheduled to work 20 hours or more per week are eligible to purchase Life Insurance through Chubb. This benefit can provide flexible, and portable coverage for you, your spouse, and your children. You can only enroll in the Life with Long-Term Care insurance plan during open enrollment.


Long-Term Care Benefit


Life with Long-Term Care includes an Accelerated Death Benefit for Long-Term Care rider, providing benefits while you are living. You can receive a monthly benefit for up to 25 months if you need home healthcare, assisted living or nursing care. This benefit may be extended if you need care for a longer period. If you need LTC, you can access 4% of your life insurance while you are living to use for nursing care. This benefits continues for 25 months—or up to 75 with the Extension of LTC Benefits rider.

Plan Features:

  • Life Insurance: Select a life insurance amount up to $150,000 ($75,000 for a spouse, $25,000 for a child)


  • Guaranteed Acceptance: Benefits-eligible employees do not need evidence of insurability up to the maximum.


  • Restoration of Death Benefit: This rider restores your life coverage to not less than 50% of the death benefit on which your LTC benefits were based, not to exceed $50,000.


  • Portable: You can keep your policy if you move to a new state or change jobs, and you can keep it through retirement.


  • Full Guaranteed Issue for all employee coverage to all benefit eligible employees. Employees may elect up to $150k in employee coverage without requiring EOI/answer health questions. 

How Life w/ LTC Works - Example

John elects a $100,000 Life with LTC policy. He leads a full life, but moves to assisted living for about six years before he passes away.


LTC and Death Benefits:


  • Amount of Policy: $ 100,000
  • 4% per month LTC benefit for 25 months: $ 100,000
  • Extended LTC Benefit for 50 months: $ 200,000
  • Restoration of Death Benefit: $ 50,000
  • Total Benefit: $ 350,000


This is an example of a possible benefit. See the plan details for your specific benefits information.

How To Enroll:

Enrollment in this plan occurs during Open Enrollment (typically around November each year). If you currently have coverage and have questions or wish to submit a claim, reach out to your HR Service Center team.