Chubb Guaranteed Life with Long Term Care elevates employers’ benefits strategy with lifetime guarantees.
CHICAGO, Oct. 6, 2025 – Chubb Workplace Benefits (CWB), a leader in designing valuable benefit solutions for employers and their employees, today announced the addition of Chubb Guaranteed Life with Long Term Care to its portfolio of supplemental insurance benefits.
Chubb Guaranteed Life offers dual protection for employees and their families by providing a death benefit that can be accelerated to help cover the costs of long-term care addressing both the rising need for more Americans to own life insurance and the significant cost of long-term care services.
"We recognize the new challenges Americans face and find ways for employers to offer new solutions to their employees,” said Janet Buzil, Senior Vice President, Product Innovation and Delivery, Chubb Workplace Benefits. “Chubb Guaranteed Life gives employees peace of mind to know that when the time comes, they will have cash benefits that they can use for long-term care and death benefits for their beneficiaries.”
The need for life insurance and long-term care is more pressing than ever. According to the Life Insurance Fact Sheet (LIMRA), 2024 saw a record number of adults say they need additional life insurance, with 70% of people over 65 saying they will need long term care, while only 2% of U.S. adults own Long Term Care insurance.
Key features of Chubb Guaranteed Life Include:
· Guaranteed-issue coverage for employees and their families
· Long-term care and chronic illness benefit payments up to 300% of death benefit — that can be used to help insureds to choose professional care and/or care from family and friends
· Restoration of the death benefit for the insured’s beneficiary, even if the full death benefit has been accelerated to cover long-term care or chronic illness expenses
· Concierge services provided by Home Thrive for family caregivers providing guidance, hands-on help and emotional relief along with Respite Care benefits for financial support
“With Chubb Guaranteed Life, employees can face the future with confidence, knowing they have access to long-term care benefits when they need them most,” said Mark Shaw, Division President of Chubb Workplace Benefits.
Chubb Guaranteed Life integrates seamlessly into employer-provided voluntary benefits programs, allowing businesses to offer their employees lifetime protection supported by the strength of Chubb. It will be offered as an employee benefit at the workplace and features fully portable benefits employees can keep when they change jobs or retire.
For more information about Chubb Workplace Benefits, a part of Combined Insurance Company of America, visit www.chubb.com/cwb
About Combined Insurance
Combined Insurance Company of America is a Chubb company and a leading provider of supplemental accident, health, disability, and life insurance products in the U.S.** and Canada. Headquartered in Chicago with a tradition of more than 100 years of success, we are committed to making the world of supplemental insurance easy to understand. The company has an A+ rating by the Better Business Bureau and an A+ (Superior) financial strength rating by AM Best.
** In New York, products are underwritten by Combined Life Insurance Company of New York (Latham, N.Y.).
About Chubb
Chubb is a world leader in insurance. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. The company is defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb employs approximately 43,000 people worldwide. Additional information can be found at: www.chubb.com.
Media Contact
corporatecommunications@combined.com
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