Page 39 - Gray_2020 Benefit Guide
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                                                                           PHONE: 800-486-7721
            Voluntary Benefits                                             WEBSITE: starrobbins.com










            Universal Life Insurance with Long-Term Care



            Universal life insurance is permanent life insurance with
            an investment savings element. Much like a savings
            account, a universal life policy accumulates cash value
            that grows tax-deferred until funds are withdrawn.                         What is long-term
                                                                                         care coverage?
            Long-term care can be expensive and may be
            needed at any age. With a universal life policy,                       It covers long-term services and
            benefits can be paid as death benefits or living                       supports, including personal and
            benefits, or a combination of both. This policy                          custodial care, in a variety of
                                                                                    settings such as your home, a
            is flexible to meet your needs and budget.
                                                                                     community organization or
                                                                                        skilled nursing facility.
            Rates are based on the team member’s age at time
            of enrollment and will not increase with age!






















            Fast facts




                      Universal life insurance                 Gray offers this               To view universal
                      benefits can be paid                     benefit through                life insurance rates,
                      as death benefits or                     Transamerica.                  please login to the
                      living benefits, or a                                                   BenSelect portal.
                      combination of both.








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