LifeTime Benefit Term Insurance with Long Term Care

Term Life Insurance that lasts a lifetime!

This is your opportunity to choose up to $250,000 coverage for yourself and up to $125,000 for your spouse.

Your Long Term Care Benefit...
This converts your Death Benefit to a Living Benefit for Long Term Care. For example, a $50,000 Death Benefit can provide $2,000 per month toward Long Term Care expenses for up to 25 months!

LifeTime Benefit Term...
An efficient and affordable solution for Pre and Post-Retirement Life Insurance AND Long Term Care Needs.

Why buy Life Insurance?

Have you ever considered that your earning power is your most valuable asset? How will you protect it? In considering a life insurance purchase there are two general questions to ask yourself:

How much life insurance is enough?

While life insurance can never replace you, it can provide much needed funds for personal family needs. Over time inflation reduces the economic value of your current Life Insurance death benefits. Therefore, even if your needs don’t increase, you should consider additional coverage. LifeTime Benefit Term Insurance is available to you in amounts up to $250,000; and you may also cover your spouse with up to $125,000 of coverage with just a few health questions.

What type of life insurance should I buy?

Regardless of the type (term, whole life, etc.) you should look for a policy that is portable and has the ability to stay with you throughout your lifetime. Most people need some level of insurance after they retire. LifeTime Benefit Term insurance combines the affordable rates of term insurance with the protection and guarantees of permanent insurance. And, LifeTime Benefit Term is portable so you take it with you when you leave or retire at the same cost and benefits.

Your Long Term Care (LTC) Benefit...

This converts your Death Benefit to a Living Benefit for Long Term Care. If you need LTC, you can access your death benefit while you are living for home health care, assisted living, adult daycare and nursing home care.

LifeTime Benefit Term...

An efficient and affordable solution for Pre and Post-Retirement Life Insurance AND Long Term Care Needs.

Combined Insurance

LifeTime Benefit Term with Long Term Care

Guaranteed Premiums - Life insurance rates are guaranteed never to increase.

Guaranteed Death Benefit to Age 121 while policy remains in force - The death benefit is 100% guaranteed through age 70 (or 25 years, if longer) when it’s needed most - during your working years when your family is relying on your income. Even after age 70, when income is less relied upon, the death benefit is guaranteed never to be less than 50%. However, based on current interest rates, mortality assumptions and continued premium payments, the death benefit is fully paid up at age 100 with no more premiums due and with coverage lasting a lifetime.

Guaranteed Paid-up Benefits - After 10 years, you can elect to stop paying premium and obtain a reduced paid-up death benefit, guaranteed to age 121.

Long Term Care (LTC) Benefits - If you become chronically ill and need LTC, after a 90 day elimination period you can access your death benefit while you are living for home health care, assisted living, adult day care and nursing home care. You get 4% of your death benefit per month for up to 25 months to help pay for LTC. After 25 months of receiving LTC benefits, your death benefit will reduce to zero. Insurance premiums are waived while this benefit is being paid.

Terminal Illness Benefit -After your coverage has been in force for 2 years, you can receive 50% of the death benefit up to $100,000 if you are diagnosed as being terminally ill.

Guaranteed Insurability - Needs change over time and death benefits can too. With Guaranteed Insurability, your benefits increase each year for 5 years regardless of your health. Each year the weekly premium will increase by $1 and your face amount will increase accordingly. You can cancel your increases at any time.

Optional Benefits - Additional benefits you can select are Accidental Death, which doubles the death benefit if death results from an accident, and Waiver of Premium, which waives your premium if you become totally disabled.

Combined Insurance

Chubb is the marketing name used to refer to subsidiaries of Chubb Limited providing insurance and related services. This insurance product is underwritten by Combined Insurance Company of America, Chicago, IL, a Chubb company.

LifeTime Benefit Term Exclusions If the insured commits suicide, while sane or insane, within two years (one year in some states) from the Date of Issue, and while this Coverage is in force, we will pay in one sum to the Beneficiary, the amount of premiums paid for this Coverage.

Long Term Care Exclusions We will not pay Long Term Care benefits for care that is received or loss incurred as a result of: 1) an intentionally self-inflicted injury, or attempted suicide; or 2) war or any act of war, declared or undeclared, or service in the armed forces of any country; or 3) treatment of the Insured’s alcohol, drug or other chemical dependence, except if the drug dependency was sustained or acquired at the hands of a Physician, or except while under treatment for an injury or sickness; or 4) the Insured’s commission of, or attempt to commit, a felony; or an injury that occurs because of the Insured’s involvement in an illegal activity.
We will not pay Long Term Care benefits if the Confinement, Home Health Care services, or Adult Day Care service: 1) Is received outside the United States and its territories; or 2) is provided by ineligible providers; or 3) is rendered by members of the Certificateholder’s or the Insured’s Immediate Family.

Sample Chubb Insurance LBT Certificate

REQUIRED FORMS


 
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