Permanent Life Insurance
Chubb
Most people don’t have enough life insurance. Permanent life insurance provides coverage for your whole life, as long as premiums are paid. When the insured dies, a death benefit is left to the named beneficiaries.
In addition to the death benefit, permanent life insurance also contains a cash value. The cash value grows tax-deferred until funds are withdrawn. By designating your beneficiaries, you can provide security for your loved ones without the guesswork.
This plan also includes the flexibility to access Long Term Care, giving you early access to your death benefit amount. You can use this as financial relief when faced with debilitating conditions as you age. These funds can help you pay for licensed long-term care expenses at home, in a facility, adult daycare, or a specialized treatment center.
Group #:
0
Phone:
1-866-324-8222
Web:
Plan Highlights
Employee may elect up to $150,000 of coverage
Employees need to hold a policy in order for dependents to take one
Employee may elect the lesser of 50% of the employee amount or $25,000 for their spouse
Employee may elect $25,000 of coverage for their child(ren)