PERMANENT LIFE

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.

Plan Rules:

•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