After 10 years, paid-up benefits begin to accrue. At any point thereafter, if you stop paying the premium, a reduced paid-up benefit is available and can never lapse. That means at retirement you can stop paying premiums and have a death benefit for the rest of your life - guaranteed.

Life insurance premiums will never increase and are guaranteed through age 100. After age 100, no additional premium is due while the coverage can continue to age 121.

Ordinarily, using your life insurance coverage for Long Term Care benefits can reduce your death benefit to $0. While in force, this benefit restores your life coverage to not less than 50% of the death benefit on which your LTC benefits were based. This feature assures a death benefit is available for the insured at time of death.

Here’s how Chubb’s Permanent Life Insurance with Long Term Care benefit can provide financial support:

Example 1: An employee elects a $25,000 policy at age 45. At age 57, they require long term care, and the plan pays $1,000 per month for up to 50 months*. After using 13 months of the benefit (a total of $13,000), the employee passes away at age 67, leaving a death benefit of $12,000.

Example 2: An employee selects a $100,000 policy at age 45. At age 57, they need long term care, and the plan pays $4,000 per month for up to 50 months*. After using 13 months (a total of $52,000), the employee passes away at age 67, leaving a death benefit of $48,000.

* Once the full death benefit has been paid in advance for LTC, payments can be extended. Extension of Benefit may extend the same monthly LTC benefit for up to an additional 25 months, doubling the value.