Step #1: Select a Life Insurance amount
Eligible employees select up to $150,000
Step #2: Calculating your monthly Long-Term Care (LTC) benefit
You get 4% of the selected Life Insurance amount as your monthly LTC benefit
Step #3: Calculating your total Long-Term Care (LTC) benefit
You get 3x the selected Life Insurance amount as your total LTC benefit
As long as coverage is active, a benefit will always pay. You don’t have to make any decisions on how you use your benefits until you actually need them.
Here is an example how the Chubb program provides for you and your family: