Instead of purchasing Voluntary Life Insurance alone, you can purchase LifeTime Benefit Term, which combines life insurance and long-term care insurance. This one benefit can help pay for care you may need in your later years and provide a benefit to your family when you die.
As life insurance, LifeTime Benefit Term pays a cash benefit your family can use any way they choose. If you become chronically ill, LifeTime Benefit Term will pay you 4% of your death benefit each month you receive Long-Term Care. Your death benefit reduces proportionately.
You can choose this benefit for yourself, your spouse, your children, and your dependent grandchildren only during the special open enrollment period every year (typically in the fall). 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.
Benefits are paid to you while you are living for long-term care insurance and to your beneficiary for life insurance. You must choose a beneficiary through the Alera Group Benefits Center.
Our administrator for Life Insurance with Long-Term Care Benefits will be Aflac, instead of Chubb. As part of this change, enrollment in Life Insurance with Benefits for Long-Term Care will happen during Open Enrollment (instead of separately in November). You can enroll in this benefit at the same time as you choose your other Alera Group benefits for 2027 in the Alera Group Benefits Center.
Aflac policies offer the following features:
If you’re currently enrolled with Chubb: You can continue to make payroll contributions at your current coverage level. If you want to increase your coverage for 2027, you’ll need to buy a new, second policy with Aflac for the additional amount.
Questions? Register for the Aflac webinar on October 29 from 1:30–2:15 p.m. CT.
You decide how you want to use LifeTime Benefit Term. You can leave the benefit to provide your family with a cash payout when you die. Or, if you become chronically ill, you can have LifeTime Benefit Term pay you 4% of your death benefit each month you receive Long-Term Care. You can use the benefit to pay for anything you like, including groceries, mortgage, and home health care. It’s important to know:
See the Policy Guide for additional details.
You pay for this coverage through after-tax payroll deductions. You can find your costs when you enroll through the Alera Group Benefits Center during the special open enrollment period. Your life insurance premiums will never increase and are guaranteed to age 100.
You can take this coverage with you if you leave Alera Group.
To file a claim, email claims@gotoservice.chubb.com. You can also call 855-241-9891 to file a claim by phone or request a paper claim form.
