LifeTime Benefit Term
Fidelity
LifeTime Benefit Term (LBT) is a unique life insurance protection product that also provides your employees a low-cost way to cover the potential costs of long-term care in their senior years. Best of all, it comes with guarantees! In addition to providing a life insurance death benefit, there is an accelerated death benefit for long term care if you are unable to perform two of six Activities of Daily Living and require nursing home, home healthcare, assisted living, or adult day care services, you will receive 4% of the death benefit each month for up to 25 months. Insurance premiums are waived during the time this benefit is being paid.
Group #:
N/A
Phone:
1-800-343-3548
Web:
Plan Highlights
Elect an employee life amount of up to $150,000
You may elect coverage for your spouse for the lessor of $50,000 or 50% of the employee elected benefit amount
You may elect $30,000 worth of coverage for your dependent children as well.