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| Premier Whole
Life Insurance with optional Long-Term Care Rider |
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| Premier Whole
Life Insurance with optional Long-Term Care Rider** |
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| VOYA's Premier Whole Life insurance provides an extra level of security for you and your family. It has a level premiums, a cash value and a permanent, level benefit that you can take with you when you retire. A link to a brochure explaining Premier Whole Life is available from this page.
Long-Term Care Coverage Rider with Restoration and Extension of
Benefits helps you if you become seriously injured or ill. Long-Term Care Coverage Rider with Restoration and Extension of Benefits is available to you as an optional benefit. Please follow the link to see the marketing brochure for a complete explanation of this benefit.
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| Who
can be enrolled for coverage? |
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| Your
spouse, children, and grandchildren may be eligible for this insurance.
Please see the brochure. |
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| I
have another life insurance policy from another company. Can I cancel
it and keep this policy? |
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We
rarely recommend that you replace existing insurance coverage with
new insurance. Before you make a decision to do so you should contact
your current insurance company. You should also consider your age
and any changes in your health when evaluating a replacement policy. |
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| I
already have life insurance through BCPS. How is this different? |
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BCPS
cares about you and your family and already pays the premium for basic
term life insurance coverage for all part-time and full-time employees.
BCPS also offers Optional Life Insurance, however the rates for the
coverage will continue to increase as you grow older.
VOYA offers Voluntary
Premier Whole Life Insurance to all eligible BCPS employees at
affordable rates. The premiums are based on the death benefit
selected, the optional riders you chose, your tobacco status, and your
age when the policy was issued. Your premiums will never increase due
to your age. |
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*The death benefit will be reduced by the amount of any outstanding loan and unpaid accrued interest.
**Premier Whole Life Insurance is offered by ING Employee Benefits (ING) issued and underwritten by ReliaStar Life Insurance Company a member of the ING family of companies. RL-WL-POL-07.
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References:
- LIMRA, "Facts About Life 2006", August 2006.
- Wall Street Journal Online/Harris Interactive, "Personal Finance Poll of U.S. Adults", February 2006.
- Georgetown University, Long Term Care Financing Project, "National Spending for Long Term Care Fact Sheet", January 2007.
- Kaiser Commmission on Medicaid and the Unisured, July 2006, with data from CMS National Health Accounts, 2006.
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