CHUBB Life with Long-Term Care Benefit 2021
September 27th – October 8th
The WA Cares Fund is a new mandatory long-term care insurance benefit for workers in Washington state, which will help pay for eligible long-term care related expenses. The program will be funded by a mandatory payroll tax by workers in Washington State beginning in January 2022.
Chubb’s permanent life plan with long-term care coverage provides you with a permanent life benefit in addition to a long-term care benefit. The long-term care coverage that’s offered through this plan is qualified in the State of Washington, allowing you to opt out of the Washington long-term care tax that’s being introduced January 1, 2022 through the Washington Cares Act. To opt out of this tax, you must be enrolled in qualified long-term care coverage before November 1, 2021.
We are pleased to provide our employees with a Chubb LifeTime Benefit Term insurance to help protect you and your families.
New employees may enroll in their Chubb LifeTime Benefit with long-term care plan and assign beneficiaries by calling 1-888-209-9211 September 27th – October 8th 6am to 3:00pm Pacific time, Monday through Friday
As Life Insurance
LifeTime Benefit Term is term life insurance that lasts a lifetime-to 99 years guaranteed!
If the unfortunate were to happen and you could no longer care for your family cash would be paid directly to your family to use as they wish to help cover expenses like mortgage payments, education, utilities and final expenses.
Guaranteed Premiums
Life insurance premiums will never increase and are guaranteed to age 100. Thereafter no additional premium is due while coverage can continue to age 121.
Guaranteed Benefits During Working Years
Death Benefit is guaranteed 100% when it is needed most-during your working years when your family is relying on your income. While the policy is in force, the death benefit is 100% guaranteed for the longer of 25 years or age 70
Guaranteed Benefits after Age 70
After age 70, when income is less relied upon, the benefit is guaranteed to never be less than 50% of the original death benefit. And based on current interest rates and mortality assumptions, the full death benefit is designed to las to age 99.
Paid-up Benefits
After 10 years, paid up benefits begin to accrue. At any point thereafter, if premiums stop a reduced paid up benefit is guaranteed. Flexibility is perfect for retirement.
Fully Portable and Guaranteed
Renewable for Life Your coverage cannot be cancelled as long as premiums are paid as due
Family Coverage
Coverage is available for your spouse and children
For Long-Term Care
If you become critically ill, LifeTime Benefit Term will pay you 4% of your death benefit each month you receive Long-Term Care. You can use this money any way you choose, and your life insurance premiums will be waived.
- Your death benefit will reduce proportionally each month as you receive benefit payments for Long-Term Care. After 25 months of receiving Long-Term Care Benefits, your death benefit will reduce to zero
Call the benefits enrollment line at 1-888-209-9211 to schedule your benefit counseling session.
The call center is open Monday through Friday from 6am to 3:00pm Pacific time. Complete your benefit elections during your scheduled counseling session.
Username: Social Security Number without any dashes
PIN: Last 4 digits of your SSN & last 2 digits of your birth year.
Example: SSN 123-45-6789 Birth Year 1985
Example Username: 123456789
Example PIN: 678985
If you need further assistance, please contact the Enrollment Center at
1-888-209-9211 Monday through Friday 6am to 3:00pm for assistance.