LifeTime Benefit Term (LBT) Insurance

LBT insurance is offered through Chubb Workplace Benefits and is a traditional term life insurance policy that includes features that allow you to tap into the benefit for certain long-term care costs, which include home health care, long term care facility and assisted living expenses associated with illness, aging or an accident.

You can elect up to $150,000 of life insurance coverage and choose additional coverage for eligible dependents. You decide how to use the benefit and there are several ways:

Death Benefit: This benefit is guaranteed. While the policy is in force, the death benefit is guaranteed for up to 25 years of coverage or age 70, whichever comes later. Even after age 70, the benefit is guaranteed to never be less than 50% of the original death benefit.

Long-Term Care (LTC) Benefit: If you need LTC, amounts can be drawn from your LBT Insurance for home health care, assisted living, adult day care and nursing home care. You may draw monthly payments equal to 4% of the death benefit for up to 25 months.

Death Benefit Restoration: Accelerating the life coverage for LTC benefits can reduce the death benefit to $0. The Restoration of Death Benefit rider restores the life insurance coverage to 50% of the then-current face amount, up to a maximum of $50,000, therefore assuring a benefit available up to the insured’s age of 121.

Acceleration for Terminal Illness: After coverage has been in force for two years, you can receive 50% of their death benefit immediately, up to $100,000, if you are diagnosed as terminally ill.

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View LifeTime Benefit Term Insurance Enrollment FAQs

To file a claim, call the Chubb Policyholder Center at 1-855-241-9891, available Monday through Friday. 8 am to 7 pm ET.

For inquiries about enrollment, contact the Chubb Benefits Service Center at 1-844-58CHUBB (1-844-582-4822); available Monday through Friday, 8 a.m. to 8 p.m. ET.