Life with Linked LTC
With Linked Long-Term Care Benefit Rider
Worksite and Associations
Issue ages: 19-70
Payable to age 100 with termination at age 121
People want to preserve and protect the assets they’ve accumulated over their lifetime. They also want safeguards in place for an untimely death and/or ensure funds are available if serious health issues occur, especially if long-term care assistance is required. Over half of people turning 65 will eventually need some type of long-term care. Life insurance and long-term care insurance are two key products offering protection upon death or if a person requires long-term care (such as home health care, assisted living, adult day care or skilled nursing facility care). Below is an example of rates based on age and face amount.
AFEUSA is pleased to offer members this unique product; LifeTime Benefit Term (LBT) with LTC Protection, from CHUBB! With an AM Best rating of A++ and over 120 years of experience, Chubb has become the world’s largest publicly traded P&C insurance company and the leading commercial lines insurer in the U.S. Chubb has more than $200 billion in assets and reported $52.0 billion of gross premiums written in 2022.
LifeTime Benefit Term with LTC Linked Benefit Rider Sample Monthly Rates
Non-Smoker – Unisex (approximately 30% rate up for smoker)
Age/Benefit Amount
- 30
- 40
- 50
- 60
- 65
$25,000
- $14.08
- $22.56
- $40.75
- $79.45
- $117.89
$50,000
- $28.16
- $45.12
- $81.50
- $158.91
- $235.79
$75,000
- $42.25
- $67.68
- $122.25
- $238.37
- $353.68
Age/Benefit Amount
- 30
- 40
- 50
- 60
- 65
$100,000
- $56.33
- $90.25
- $163.00
- $317.83
- $471.58
$125,000
- $70.42
- $112.81
- $203.75
- $397.29
- $589.48
$150,000
- $84.50
- $135.38
- $244.50
- $476.75
- $707.38
Hidden
Product Highlights
THE LBT IS A ‘WIN-WIN’ SOLUTION!
- LBT with the LTC rider is conditionally guaranteed acceptance (Yes/No health questions) up to $150,000 of Death Benefit; there is a requirement the enrollee attests they are actively working a minimum of 30+ hours per week at their job/occupation, which is verifiable.
- Rates are single year age rated (rate is determined by age at time of enrollment), smoker/non-smoker and unisex.
- The life insurance premiums will never increase and are guaranteed to age 100; no additional premiums are due after age 100 and the coverage continues until attained age 121.
- Coverage is fully portable (i.e., members change jobs or eventually retire) – and coverage cannot be canceled if premiums are paid when due (guaranteed renewable).
Here are the health questions for up to $150,000 of Death Benefit; questions which must be answered “NO” to qualify:
– HIV, AIDS, ARC within the last 10 years
– Hospitalized, disabled within the past 6 months – excluding flu or cold.
– Been seen or treated by a medical practitioner within the past 6 months – excluding flu, cold or routine physical.
– Missed more than 5 consecutive days of active work due to an illness or injury in the past 3 months.
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