ChubbChoice - Benefits & Compensation

Chubb's flexible benefits program - "ChubbChoice" - gives you the opportunity to choose the health care plans and financial protection to benefit you and your family during your career at Chubb.  As your needs change, your benefits may change too.  ChubbChoice benefits begin on the first month following 30 days of eligible service.  Chubb pays most of the cost for your ChubbChoice benefits and you can often use tax-effective pre-tax dollars to pay your share of the cost.

Medical

Horizon Blue Cross/Blue Shield of New Jersey provides Chubb's national preferred provider organization (PPO) network and is offered in all Chubb U.S. locations.  Other plans, including different PPO network plans and health maintenance organizations (HMOs), are also available in many Chubb locations.  Your eligible dependents (your spouse or qualifying domestic partner and children) may also be enrolled for medical coverage when you are enrolled.

Dental

The dental plan encourages preventive care and covers most dental services.  Two point-of-service options are offered in all Chubb locations with the option of a dental maintenance organization (DHMO).  When you use network providers you can reduce your out-of-pocket costs.  When enrolled in a point-of-service coverage option, you can obtain your dental care from any dentist you wish and still have coverage.  Your eligible dependents (your spouse or qualifying domestic partner and children) can be enrolled for dental coverage when you are enrolled.

Vision Care

The vision care plan helps you manage the cost of periodic routine eye examinations and quality corrective eyewear (eyeglasses or contact lenses).  Your eligible dependents (your spouse or qualifying domestic partner and children) may also be enrolled for vision care coverage when you are enrolled.

Disability Coverage

After three months of service, Chubb's sick pay benefits, short-term disability and long-term disability plans may continue your salary - in full or in part - if you are unable to work because of illness or injury.

Employee Life Insurance

You may choose from seven coverage amounts: $50,000 or from one-half your annual salary to five times your annual salary.  Chubb pays the full cost for term life insurance equal to your full annual salary.  Non-smokers receive a discounted rate.

Dependent Life Insurance

You may purchase term life insurance for your spouse or qualifying domestic partner and/or children.

Personal Accident Insurance

You may choose among several options from ($100,000 to $700,000 - coverage above $700,000 is also limite to ten times your annual salary) that will cover you and your eligible dependents in the event of accidental death or certain serious injuries.

Spending Accounts

Chubb offers two types of spending accounts - a Health Care Spending Account and a Dependent Care Spending Account - to provide a way for you to lower your taxable income by setting aside money pre-tax for expenses you know you will have to pay during the year.  By making pre-tax contributions to one or both spending accounts and submitting eligible expenses for reimbursement, you can save money on health care expenses not covered by insurance and/or child/elder care cost.

Financial Planning

The financial planning option provides resources to help you meet your financial goals.  A well-designed financial planning website and phone access to professional financial counselors with expertise in Chubb's benefits will help you establish your personalized plan.

Business Travel Accident Insurance

In addition to the ChubbChoice benefits, Chubb automatically provides you with insurance that will pay up to five times your annual salary (with a $1,000,000 maximum) should you be injured or die while traveling on company business.