Provided through Chubb
Alera Group offers the LifeTime Benefit Term option to help you protect your financial well-being with two valuable coverages in one policy:
- Life insurance, which provides a financial benefit to help your loved ones maintain their qualify of meet and meet their financial needs upon your death. (Keep in mind that you also have company-paid Basic Life Insurance and the option to buy Voluntary Life Insurance.)
- Long-term care insurance, which help you pay for care and support you may need in your later years:
- Ongoing care in a nursing home, assisted living residence or similar facility
- Services such as adult day care and transportation
- Assistance with basic daily activities at home such as bathing, dressing and eating.
You can choose this benefit for yourself during Open Enrollment. You can also choose coverage for your spouse, children and dependent grandchildren.
You can choose life insurance amounts between $25,000 and $150,000, with a long-term care insurance amount of three times your life insurance amount.
You pay for this coverage through after-tax payroll deductions. You can find your costs when you enroll through the Alera Group Benefits Center.
You can take this coverage with you when you leave Alera Group.
Evidence of Insurability (EOI)
To choose coverage, you may need to provide Evidence of Insurability (EOI) to prove that you are in good health. Your coverage will not be effective until Chubb approves your EOI (and coverage can be denied). You must submit EOI if you were hired before November 3, 2023, and choose any coverage amount.