CHUBB is our vendor for LifeTime Benefit Term insurance. Life Time Benefit Term (LBT) helps protect you and your family if you are no longer able to provide for them. With LBT, your family will receive cash benefits paid directly to them upon death to help pay for expenses like mortgage payments, credit card debt, childcare and college tuition. Cash benefits can even be paid to you while you are living if you become chronically ill and need assistance with activities of daily living.