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FOR EMPLOYEES AND NON-MEDICARE-ELIGIBLE RETIREES
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Universal Life with Long Term Care Rider
Employees often realize that the cost of buying life insurance
increases as they get older. Purchasing coverage as soon as pos-
sible will help keep those costs down in the future. Permanent,
portable life insurance that pays in addition to the term life in-
surance paid for by the County provides supplemental coverage
while working for the County and coverage that you can take
with you into the future. Coverage is also available for spous-
es and children. Flexible underwriting for County employees
means that no physicals or lab work are associated with apply-
ing for coverage. There are just a few underwriting health ques-
tions asked by the carrier to qualify.
In addition to the life insurance death benefit, your poli-
cy also contains cash value that grows on a tax deferred basis,
waiver of premium payment in the event of more than 6 months
of disability and a Long Term Care rider that allows you to use
a portion of your life insurance for Long Term Care related ex-
penses in and out of a facility. An Accidental Death benefit is
also included that doubles the face amount of life insurance in
the event of an accidental death. In the event of retirement or
termination of employment, coverage is fully portable at the
same cost as when you enrolled.
Long Term Care Insurance
At home and in the workplace, Long Term Care Insurance is
emerging as one of the critical issues of our times. The reasons
are simple. Many employees, especially those in their 40s and
50s, are beginning to see their parents struggle with care inten-
sive health problems. Why is this important to you?
It is estimated that 14.4 million employees are currently bal-
ancing work with the role of a caregiver. The aggregate costs of
this care giving in lost productivity to U.S. business – in absen-
teeism and workday interruptions – conservatively translates
into $29 billion a year. And individually, the monetary impact
to the employee in lost wages, Social Security, and pension ben-
efits is substantial.
Employees may purchase Long Term Care Insurance policies
for themselves, spouse and parents and dependents through
several convenient payment methods. These policies are indi-
vidually underwritten and can relieve the substantial cost bur-
den associated with assisted living and nursing home care for
elderly and disabled policyholders. Benefits of purchasing cov-
erage while an active employee include: fully portable coverage
at retirement or in the event of job change, no required network
of care providers, home care benefits and inflation benefits can
be included, premiums are waived while benefits are being paid
and coverage is guaranteed renewable for life.
The United Legal Benefits Plan (ULB)
The ULB Plan is a group legal insurance plan that provides com-
prehensive legal protection for you and your family for only
$17.50 per month. (12-month enrollment is required.) All legal
matters are covered by the Plan. Many, such as preparation of
wills, review of legal documents, unlimited advice and consul-
tation, and legal representation are included for no additional
charge. All other legal needs are provided at discounts of at least
25%. You select a local law firm and all contact is private and
confidential between you and your chosen attorney.
Ellen Miller
Department of Health