Key Details of the Long-Term Care (LTC) + Life Insurance Benefit:
- Three ways to receive benefits: LTC, Life Insurance, or LTC + Life Insurance
- Issue age rates - Life Insurance rates do not increase due to age
- Coverage is portable
- Other benefits do not cover LTC expenses
To receive guarantee issue* (no health questions), you need to apply by 8/2/2024.
1. Review Rates (additional plan options available*)
- Rates apply to both Employee and Spouse/Domestic Partner (Limit of $15,000 for Spouse/Domestic Partner).
- Sample plans shown below. For additional plan options, click on "Request a Rate Quote" or Click on "Apply Now" and login to the enrollment portal).
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Benefit Features
|
Sample A
|
Sample B
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Sample C
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|---|---|---|---|
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Life Insurance Face Value
|
$15,000
|
$100,000
|
$150,000
|
|
Monthly LTC Benefit Amount
4% of Face Value for Professional, 2% of Face Value for Family Care
|
$600
|
$4,000
|
$6,000
|
|
LTC Duration
50 months if using professional care, 100 months if family care.
|
50 months
|
50 months
|
50 months
|
|
LTC Maximum Benefit
|
$30,000
|
$200,000
|
$300,000
|
|
Monthly Premium**
|
Select age
|
Select age
|
Select age
|
|
Spouse Monthly Premium
|
Select age
|
Select age
|
Select age
|
|
Total Monthly Premium Without Marital Discount
|
Select age
|
Select age
|
Select age
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|
Total Monthly Premium With Marital Discount
|
Select age
|
Select age
|
Select age
|
|
Benefit Features
|
Sample A
|
|---|---|
|
Life Insurance Face Value
|
$15,000
|
|
Monthly LTC Benefit Amount
4% of Face Value for Professional, 2% of Face Value for Family Care
|
$600
|
|
LTC Duration
50 months if using professional care, 100 months if family care.
|
50 months
|
|
LTC Maximum Benefit
|
$30,000
|
|
Monthly Premium**
|
Select age
|
|
Spouse Monthly Premium
|
Select age
|
|
Total Monthly Premium Without Marital Discount
|
Select age
|
|
Total Monthly Premium With Marital Discount
|
Select age
|
|
Benefit Features
|
Sample B
|
|---|---|
|
Life Insurance Face Value
|
$100,000
|
|
Monthly LTC Benefit Amount
4% of Face Value for Professional, 2% of Face Value for Family Care
|
$4,000
|
|
LTC Duration
50 months if using professional care, 100 months if family care.
|
50 months
|
|
LTC Maximum Benefit
|
$200,000
|
|
Monthly Premium**
|
Select age
|
|
Spouse Monthly Premium
|
Select age
|
|
Total Monthly Premium Without Marital Discount
|
Select age
|
|
Total Monthly Premium With Marital Discount
|
Select age
|
|
Benefit Features
|
Sample C
|
|---|---|
|
Life Insurance Face Value
|
$150,000
|
|
Monthly LTC Benefit Amount
4% of Face Value for Professional, 2% of Face Value for Family Care
|
$6,000
|
|
LTC Duration
50 months if using professional care, 100 months if family care.
|
50 months
|
|
LTC Maximum Benefit
|
$300,000
|
|
Monthly Premium**
|
Select age
|
|
Spouse Monthly Premium
|
Select age
|
|
Total Monthly Premium Without Marital Discount
|
Select age
|
|
Total Monthly Premium With Marital Discount
|
Select age
|
2. Apply by 8/2/2024 or Waive Your Opportunity for Employee Guarantee Issue*
*Participation requirement of 10 approved employee applications and 70% active enrollment needed to offer Guaranteed Issue. Benefit Eligible Employees working 30+ hours per week ages 18-70 can apply with Guarantee Issue up to $100,000 of Life Insurance Benefit and employees ages 18-75 can apply up to $150,000 Life Insurance Benefit with Modified Guarantee Issue. Spouses and domestic partners can apply for up to $15,000 with Guarantee Issue. Coverage limited to 50% of the employee benefit.
**In the event of a discrepancy between the premiums shown here and the carrier rate calculation, carrier's information will prevail.