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overview
Flexible group term life insurance coverage through the NEA Members Insurance Trust helps provide insurance protection for your loved ones should the unthinkable happen to you. Your spouse and dependents will receive support for financial obligations such as a mortgage, college costs or anything else they’ll need.
Get the lowest, group rates to date. Members, spouses, domestic partners1 and dependent children are all eligible for these exclusive NEA rates Keep full benefits until age 702 and there’s no medical exam to apply (in most cases)3 Choose benefit amounts between $25,000 to $500,0004 If you become terminally ill, accelerated benefits can help your family with expenses: 50% of your benefit can be paid while you’re alive5 Once you’re approved, your coverage amount remains the same—even if your health changes. You can’t be dropped for health reasons An optional accidental death rider doubles benefits for your loved ones. Discounts for non-smokers and competitive smoker rates are also available Help safeguard your family with flexible life insurance coverage up to $500,000.
how it helps
NEA’s exclusive negotiated rates are typically lower than those available to the general public thanks to the combined power of our 3 million members.
Increase or decrease your coverage at any time. You decide how long to keep coverage and the amount of your coverage.6 For added peace of mind, your premiums can be waived for up to one year if you lose your job or are affected by a natural disaster. Your premiums can also be waived if you become disabled. You just need to remain an NEA member.
To ensure the security of NEA policies, we work with one of the largest insurance companies that has been issuing life insurance policies for over 140 years: NEA Group Term Life Insurance coverage is issued by The Prudential Insurance Company of America (Prudential).
Understand what it takes to help keep your family secure. Use our online calculators, videos, infographics and financial guides to estimate what you may need—not too much, and not too little.
How It Works
Calculate the right coverage for you and your family
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You and your family are protected with life insurance plans made available through the generous support of NEA Members Insurance Trust.
Learn more about NEA Members Insurance Trust.
The NEA Life Insurance products are issued by Prudential, a trusted insurance carrier that has been supporting the NEA MIT Program since 1969.
Learn more about how Prudential supports public education.
FAQs
NEA Group Term Life Insurance, issued by The Prudential Insurance Company of America (Prudential), offers basic, decreasing term life insurance to all members in good standing. Group Term Life Insurance features include flexible coverage levels, from $25,000 to $500,000 (in $25,000 increments), no set term limits, and no medical exam.
For example, if a member purchases Group Term Life Insurance at age 22, they may keep it for as long as they want, provided they continue to pay their premiums. Premiums increase every five years. Your full benefit is guaranteed not to decrease before you turn 70. Then at age 70, when your need for life insurance has decreased, the benefit amount reduces to half the initial amount, and at age 75 to 10% of the initial amount.
Yes, with the Accelerated Benefit Option5, if you become terminally ill, you may elect to receive 50% of your life insurance coverage while you are still living. The money can be used for any purpose such as medical bills, outstanding debts or mortgage payments. This option will reduce your death benefit by 50%. To be eligible for this option, you must be diagnosed with a fatal illness and given 24 months or less to live.
View rate charts for NEA Group Term Life Insurance.
As an NEA member, you’re eligible for this special coverage at no cost to you. Make sure your information is up to date.
Terms & Conditions
1. Includes domestic partner or registered domestic partner. Spouse cannot enroll for coverage unless member also enrolls.
2. At age 70, your benefit reduces to half the original amount. At age 75, it reduces to 10% of that amount.
3. Issuance of coverage may depend on answers to health questions in the enrollment form and availability of current health information.
4. A medical exam is required for coverage amounts of $400,000 and $500,000.
5. 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.
6. Subject to underwriting approval and cannot exceed $500,000.
The products issued by The Prudential Insurance Company of America may not be available in all states.
© 2022 Prudential Financial, Inc. and its related entities.
Prudential, the Prudential logo, and the Rock symbol are service marks of Prudential Financial, Inc. and its related entities, registered in many jurisdictions worldwide.
The NEA Group Term Life Insurance Plan is issued by The Prudential Insurance Company of America, Newark, NJ. The Booklet-Certificate contains all details including any policy exclusions, limitations and restrictions which may apply. Contract Series: 83500. CA COA #1179. NAIC #68241.
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