- More savings
- More coverage
- More options
The NEA Level Premium Term Life Insurance Plan issued by The Prudential Insurance Company of America now provides 3 terms and various coverage levels up to $1,000,000. In addition, members can now lock in coverage up to age 80 at lower rates. This plan, created exclusively for NEA members by the NEA Members Insurance Trust provides supplemental coverage to NEA members at competitive rates that won’t change because of your age or changes in your health for the life of the term.*
- Coverage amounts up to $1,000,000
- Lower rates offered for most coverage amounts and terms
- 10-year, 15-year and 20-year terms available†
- Full coverage up to age 80‡
- Premiums won’t increase due to your age and benefits won’t decrease for the entire term*
- Discount for non-smokers and competitive smoker rates
- Spouse or domestic partner coverage available§
- Accelerated Benefit Option#
* Rates may change if plan experience requires a change for all insureds.
† Member/Spouse who elects 20-year term must be under age 60. Member/Spouse who elects a 15-year term must be under age 65. Member/Spouse who elects a 10-year term must be under age 70.
‡ Rates are locked in, however the amount of coverage depends on term selected. Please see the Instant Rate Quote for rates and term options.
§ Spouse or Domestic Partner coverage may exceed Member coverage amount. Term elected for spouse or domestic partner must match member elected term.
# Accelerated Death Benefit option is a feature that is made available to group life insurance participants. It is not a health, nursing home, or long-term care insurance benefit and is not designed to eliminate the need for those types of insurance coverage. The death benefit is reduced by the amount of the accelerated death benefit paid. There is no administrative fee to accelerate benefits. Receipt of accelerated death benefits may affect eligibility for public assistance and may be taxable. The federal income tax treatment of payments made under this rider depends upon whether the insured is the recipient of the benefits and is considered terminally ill. You may wish to seek professional tax advice before exercising this option.
The Level Premium Term Life Insurance coverage is issued by The Prudential Insurance Company of America, 751 Broad Street, Newark, NJ 07102. The Booklet-Certificate contains all details, including any policy exclusions, limitations and restrictions, which may apply. Contract Series: 83500 CA CAO # 1179 NAIC # 68241