Lifetime Benefit Term

You work hard to provide a good life for your family. However, what if something happens to you? LifeTime Benefit Term provides the help you and your family needs to help pay for the unexpected.
A small model of a house with stacks of coins in front and a mans cupped hands protecting them

People want to preserve and protect the assets they’ve accumulated over their lifetime. They also want safeguards in place for an untimely death and/or ensure funds are available if serious health issues occur, especially if long-term care assistance is required. Over half of people turning 65 will eventually need some type of long-term care. Life insurance and long-term care insurance are two key products offering protection upon death or if a person requires long-term care (such as home health care, assisted living, adult day care or skilled nursing facility care).

AFE is pleased to offer members this unique product; LifeTime Benefit Term (LBT), from CHUBB! It includes a life insurance death benefit and a qualified long-term care linked benefit rider which can be used IF the member requires long-term care services. The member has a guaranteed Death Benefit, or if needed, LTC benefits while the member is living. A covered person could receive some of both benefits depending on their situation! Should a covered person require long-term care services, the rider provides a monthly benefit of 4% of the Death Benefit for up to 25 months.

We have provided a brief overview of this product/service. AFE Members receive specific information as to how they can access more detail.

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