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What is Permanent Life Insurance?
Permanent Life Insurance provides lifelong protection, and the ability to accumulate cash value on a tax-deferred basis. Unlike term insurance, a permanent insurance policy will remain in force for as long as you continue to pay your premiums.
Eligibility: All full-time employees working 20+ hours/week, spouse, children and grandchildren (up to age 26)
Coverage through Chubb
Must be actively at work on the effective date
If electing for the first time outside of the initial open enrollment period, health questions will be required.
Permanent Life offers the flexibility to meet a variety of personal needs while allowing employees the choice of benefit and premium amounts which fit their paycheck and life style.
Underwriting may be required.
Keep your coverage at the same cost even if you retire or change employers