Lifetime Benefit Term

“Unlike your current group term life, at termination or retirement you can keep this policy at no increased cost.”

  • The LifeTime Benefit Term insurance benefit is an efficient and affordable solution to pre- and post-retirement life insurance. And it’s available to you in $25,000, $50,000, $75,000 and $100,000 amounts. Spouse coverage is available at a flat $25,000 amount. Coverage is also available for eligible children, in $10,000, $15,000 and $25,000 amounts. For children, one policy and one premium covers them all.
  • The employee and spouse coverage also has a conversion to Long-Term care feature, which allows you to convert the life benefit into a “living” Long-Term Care benefit. For example, a $50,000 death benefit can provide $2,000 per month toward approved long-term care expenses for up to 25 months, including nursing home care, as well as home healthcare.
  • Why enroll? Easy. Premiums are paid through convenient payroll deductions. Also, unlike your current group term life, premiums remain constant for the life of the policy. This coverage is portable which means you can maintain your coverage when you need it most, with no cost increase, even if you change jobs or retire.