Chubb Workplace Benefits launches life Insurance with long term care benefits

Chubb Workplace Benefits (CWB) announced the addition of Chubb Guaranteed Life with Long Term Care to its portfolio of supplemental insurance benefits.

“We recognize the new challenges Americans face and find ways for employers to offer new solutions to their employees. Chubb Guaranteed Life gives employees peace of mind to know that when the time comes, they will have cash benefits that they can use for long-term care and death benefits for their beneficiaries.” – Janet Buzil, Senior Vice President, Product Innovation and Delivery, Chubb Workplace Benefits.

Key features of Chubb Guaranteed Life Include:

·       Guaranteed-issue coverage for employees and their families

·       Long-term care and chronic illness benefit payments up to 300% of death benefit — that can be used to help insureds to choose professional care and/or care from family and friends

·       Restoration of the death benefit for the insured’s beneficiary, even if the full death benefit has been accelerated to cover long-term care or chronic illness expenses

·       Concierge services provided by Home Thrive for family caregivers providing guidance, hands-on help and emotional relief along with Respite Care benefits for financial support

“With Chubb Guaranteed Life, employees can face the future with confidence, knowing they have access to long-term care benefits when they need them most.” – Mark Shaw, Division President of Chubb Workplace Benefits.