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NEA^® Guaranteed Issue Life Insurance Plan

One of the best life insurance plans for teachers. Help prevent financial hardship with this guaranteed coverage for members over age 45.

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overview

Guaranteed insurance protection for you and your family

Help protect your family from financial hardship. This Guaranteed Issue Life Insurance plan is a fast and easy way to help your loved ones pay for funeral costs, medical bills or legal help if the unthinkable happens to you.

Acceptance is guaranteed if you are age 45 or older. There are no health questions
Benefits are income tax-free for your loved ones
Choose one of two plans: Up to $10,000 or $20,000 worth of decreasing term life insurance, regardless of your health, depending on your age
Your benefits start at $500 the first year, and increase to 25% of your plan amount the second year, 50% the third year and 100% of your benefit after that
Competitive rates increase in in five-year age bands until age 70
Premiums can be waived for up to one year if you’ve been laid off or affected by a natural disaster
Get member-only rates for you and your spouse*

Guaranteed coverage for members over age 45. Enroll to help protect your family from future financial hardship.

how it helps

One of the best life insurance plans for teachers to provide financial support for your family during a difficult time

Afford more coverage for lower rates

NEA’s exclusive negotiated rates for teachers and educators are typically lower thanks to the combined power of our 3 million members.

Get dependable coverage

If you’re over age 45, you’re guaranteed acceptance to this plan. 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 Guaranteed Issue Life Insurance is issued by The Prudential Insurance Company of America (Prudential).

Learn about why life insurance is important, especially for teachers

Understand what it takes to help keep your family secure. Use our online calculators, videos, infographics and financial guides to determine exactly what you need – not too much and not too little.

How It Works

Prepare for the future with an NEA Guaranteed Issue Life Insurance Plan

Calculate the right coverage for you and your family

Use these rate charts to determine how much a policy may cost based on your age and the coverage amount.

View the rate chart for a $10K plan (.pdf, 112K)
View the rate chart for a $20K plan (.pdf, 96K)

Learn more about life insurance

Start your application

Make sure you’re logged into your NEA Member Benefits account. Click “Get a Quote or Apply” to start the online application.
If you prefer to have a paper application mailed to you, call the phone number above.
Once approved, we will send you your insurance verification kit.
Hard copies of certificates of coverage will be mailed to you for your records.

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

Your questions, answered

Guaranteed Issue Life is supplemental life insurance with affordable premiums and no health limitations on coverage. NEA Guaranteed Issue Life Insurance is available to all NEA and NEA-retired members and their spouses/domestic partners age 45 and over. Unlike other types of insurance policies that either become very expensive or are no longer available after a certain age, coverage is guaranteed regardless of pre-existing conditions. No medical exam is required and no health questions are asked.

Yes, inflation erodes the real value of other life insurance coverage. That’s why the additional coverage of Guaranteed Issue Life is important to help fill the gap, so your dependents are not burdened with significant debt when you die. The extra money will help your loved ones pay funeral and burial expenses (which continue to rise each year), and take care of outstanding debts, such as credit cards and medical expenses. In addition, it may allow you to bequeath a small inheritance.

NEA members are eligible for up to $20,000 of coverage (depending on your age) with guaranteed acceptance, no questions asked.

Absolutely no medical exam is required. There are no health questions to answer and all pre-existing conditions are accepted. All NEA members and their spouses/domestic partners, age 45 and older, qualify for coverage—guaranteed with no exceptions.

By offering limited benefits for the first three years, the NEA Members Insurance Trust is able to make this plan available with guaranteed acceptance. Upon the death of the member, the beneficiary would receive $500 during the first year of coverage, 25% of the coverage amount for your age during the second, 50% in the third year and 100% thereafter. In case of accidental death at any time, the policy pays 100% of the benefit amount.

The Prudential Insurance Company of America (Prudential) is the insurance carrier. Our over 50-year relationship with the company is based on a rigorous process of evaluating the market to find the best products and services for NEA members. You can count on Prudential’s experience to offer the quality and service you deserve.

Yes, premiums are kept lower by limiting the benefit amounts for the first three years. Also, the coverage decreases as you get older when you typically need less life insurance. You won’t be over-insured because you’ll receive the right amount of coverage at each stage in life. For example: If you are age 45 to 59, you can receive $10,000 of decreasing term life insurance for about $8.00 — $9.33 a month. From age 60 to 64, the policy decreases to $7,500, age 65 to 69 to $6,000 and at age 70+, it decreases to $3,000. Please see: NEA Guaranteed Issue Life Plan Rate Chart - $10K (.pdf, 112K) or NEA Guaranteed Issue Life Plan Rate Chart - $20K (.pdf, 96K)

As you get older you may have fewer financial obligations, such as mortgage or tuition payments. However, you still need some life insurance so that your family is not burdened with outstanding debts and final expenses.

Each member’s situation is different; however, unlike many other policies, NEA Guaranteed Issue Life premiums remain affordable while still providing you with coverage at age 70 and beyond, regardless of your health. This may be the coverage you can afford to keep after all the others become prohibitively expensive.

Yes, as long as the NEA member also has Guaranteed Issue Life, coverage is also available to the spouse (or domestic partner where permissible by law) age 45 and over. And they cannot be turned down because of age or health issues.

NEA^® Group Term Life Insurance Plan

Get added peace of mind and help keep your loved ones secure. Choose from $25,000 to $500,000 of term life insurance at NEA’s lowest member rates.

Learn More

NEA^® Retiree Health Program

Get supplemental coverage that helps pay for the roughly 20% of expenses not covered by Medicare, plus discounts on dental care, chiropractic care, vision care, hearing care and vitamins.

Learn More

Terms & Conditions

* Includes domestic partner or registered domestic partner. Spouse cannot enroll for coverage unless the member enrolls.

The products issued by The Prudential Insurance Company of America may not be available in all states.

The NEA Members Insurance Trust logo is a registered mark of the NEA Members Insurance Trust. NEA is a registered service mark of NEA’s Member Benefits Corporation.

© 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.

NEA Guaranteed Issue Life coverage is issued by The Prudential Insurance Company of America, Newark, NJ. Please refer to the Booklet-Certificate, which is made a part of the Group Contract, for all plan details, including any exclusions, limitations and restrictions which may apply. If there is a discrepancy between this document and the Booklet-Certificate/Group Contract, the terms of the Group Contract will govern. Contract provisions may vary by state. Contract series: 31300. CA COA #1179, NAIC #68241.

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NEA^® Guaranteed Issue Life Insurance Plan

One of the best life insurance plans for teachers. Help prevent financial hardship with this guaranteed coverage for members over age 45.

Guaranteed insurance protection for you and your family

How does NEA Guaranteed Issue Life work?