Whole Life with Long Term Care
As an employee you can apply for valuable life insurance protection on you and your family. Your Chubb Life policy is a personally owned, permanent individual life insurance policy. Once the policy is issued, continued employment is not a condition to continue coverage. Coverage is guaranteed as long as the required premiums are paid, even after you retire or terminate employment. When employment ends, you can pay equivalent monthly premiums directly to Chubb or by bank draft.
You may apply for an individual policy on your life or your spouse’s life. An individual policy for $25,000 is also available on each of your children ages 15 days to 18.
The plan also offers accelerated death benefits for Long Term Care to employees aged 19-79 and spouses aged 19-70 at the time of enrollment. 4% of benefit is payable each month for 25 months. For more information contact: