The following features are included in your permanent life with long term care plan offering. For complete plan details, please click on your FAQ tab.
Guarantee Issue - employees (ages 19 through 70) enrolling during their initial enrollment period and within the guarantee issue limits cannot be turned down (no medical questions). Employees 71 through 80 are eligible with medical questions.
Term Insurance - Provides permanent life insurance protection with life insurance rates that don’t change as you age.
Long Term Care (LTC) Protection (Included) - Provides a monthly LTC benefit equal to 4% of your death benefit. E.g., a $100,000 policy will pay a $4,000 monthly LTC benefit for up to 25 months, with $100,000 total LTC benefits.
Extension of Benefits (Included*) -
Provides an additional 50 months of LTC benefits totaling 75 months; tripling your LTC coverage. E.g., $100,000 life insurance policy /
$300,000 LTC benefits. *This feature is not available to applicants who are ages 71 - 80 on the effective date of coverage.
Death Benefit Restoration (Included) - Restores the life insurance to
50% of the death benefit up to a maximum of $50,000, assuring a death
benefit available up to the insured’s age of 121.
Benefit for Terminal Illness - After coverage has been in force for two years, employees can receive up to 50% of the death benefit immediately (not to exceed $100,000), if they are diagnosed as terminally ill.
Permanent and Portable - Take this policy with you when you leave employment or retire, at the same cost and same benefits!
Paid-Up Benefits - After 10 years, paid-up benefits begin to accrue. At any point thereafter, if you stop paying premium, a reduced paid-up benefit is issued and can never lapse.
