At any point in your life, you may need long-term care services, which could cost hundreds of dollars per day. Universal LifeEvents includes a long-term care (LTC) benefit that can help pay for these services at any age. This benefit remains at the same level throughout your life, so the full amount is always available when you need it most.
One-Time Guarantee Issue - employees enrolling during their initial enrollment period and within the guarantee issue limits can’t be turned down (applicants age 65 and older have a few health questions)
Universal Life (UL) Insurance - Provides permanent life insurance protection with rates that don’t change as you age and builds cash value.
Long Term Care (LTC) Protection (Included) - Provides a monthly LTC benefit equal to 4% of your death benefit, i.e., $100,000 UL policy will pay a $4,000 monthly LTC benefit for up to 25 months, $100,000 total LTC benefits.
Extension of Long Term Care Benefits - This extends long term care benefits up to 25 months, allowing the insured to receive long term care benefits for a total of up to 50 months.
Cash Value - Builds cash value, a helpful safety net.
Death Benefit Restoration (Included) - As the monthly LTC benefit is paid out, the death benefit is restored to its original value, ensuring your beneficiary receives the full value of the life insurance proceeds.
Benefit for Terminal Illness - Use 75% of your death benefit when life expectancy is 24 months or less to help manage costs if you’re diagnosed with a terminal illness.
Permanent and Portable - Take this policy with you when you leave employment or retire at the same cost and same benefits!
