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RE: CJA Sponsored Long-Term Care Insurance Plan– January 2024.
Group Long-Term Care Policy Number: 542888
Dear CJA Member,
In addition to the many valued benefits CJA provides you, the Association also offers numerous Insurance and financial/retirement planning services. I write to you today because you are enrolled in UNUM’s Legacy Plan. This plan is designed to provide financial assistance to you for chronic illnesses or disabilities caused by cognitive impairment or the loss of activities of daily living.
We have learned that UNUM life Insurance Co. of America, the underwriter of your long-term care insurance plan has decided to exercise their contractual right to close the plan to new enrollments into this Group Long Term Care policy as of February 1, 2024. This means that Unum Life Insurance Company is still underwriting long-term care insurance until February 1, 2024. Please note this has ZERO impact on your existing coverage and will remain in-force as is today.
Because you are enrolled in the above-mentioned UNUM Legacy plan, you have the opportunity to apply for additional insurance for yourself and/or spouse before the February 1, 2024, deadline. You may want to take advantage of its unique claims criteria and current premium schedule.
Therefore, if you wish to consider long-term care insurance as a way to manage the long-term care cost risk, we urge you to review THIS LEGACY PLAN FACT SHEET. And, if you want a personalized proposal, please contact me (information below).
The likelihood of chronic illnesses and the need for long-term care services increases with age. According to a recent report published by the U.S. Department of Health & Human Services, the chance of a person who is currently age 65 eventually being confined in a nursing home at some point in the future is now 1 in 3.
Please do not hesitate to contact us if you have any questions or concerns about the plan and we will respond quickly.
Sincerely,
David R. Lucas
925-277-2629
dlucas@dwasssociates.com
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