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 partners 1 and dependent children are all eligible for these exclusive NEA ratesKeep full benefits until age 70 2 and there’s no medical exam to apply (in most cases) 3Choose benefit amounts between $25,000 to $500,000 4If you become terminally ill, accelerated benefits can help your family with expenses: 50% of your benefit can be paid while you’re alive 5Once you’re approved, your coverage amount remains the same—even if your health changes. You can’t be dropped for health reasonsAn optional accidental death rider doubles benefits for your loved ones. Discounts for non-smokers and competitive smoker rates are also availableHelp safeguard your family with flexible life insurance coverage up to $500,000.
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.
INSTANT RATE QUOTE NEA Group Term Life Insurance INSTANT RATE QUOTE NEA Group Term Life InsuranceRead below to learn more about NEA Group Term Life Insurance
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We’ve partnered with Prudential because they are one of the largest life insurance companies in the U.S.
Prudential has been a trusted insurance carrier in issuing the NEA Members Insurance Trust life insurance programs since 1969.
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.
The Prudential Insurance Company of America is the carrier. Our over 50-year relationship with the company is based on a rigorous process of evaluating the marketplace 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.
To apply, you need to answer a few simple health questions about your medical history. Depending on the medical history disclosed in the application and/or the amount of coverage selected, it may be necessary for the insurance carrier to request medical records from your physician or for you to undergo a medical exam or medical tests. A medical exam is required for coverage amounts of $400,000 and greater.
NEA Members are eligible for a range of coverage—anywhere from $25,000 up to a maximum of $500,000 (in $25,000 increments).
Yes, coverage can be increased anytime; however, it will be subject to underwriting approval and cannot exceed $500,000. (Amounts vary depending on the age of the member.)
NEA Group Term Life coverage is portable. As long as you remain an NEA member and continue to pay your premiums when they are due, your coverage will remain in effect even if you change schools or retire.
Thanks to the buying power of 3 million NEA members, NEA-specific group rates are extended to members and their spouses/domestic partners. Premiums are competitive across all rate categories.
The rates for smokers are higher. For example, on a face amount of $200,000, a member 25 to 29 years old would receive a rate of $15.17 monthly versus $11.14 for a nonsmoker in the same age bracket.
Yes, as long as the NEA member has Group Term Life Insurance, coverage is available to the spouse (or domestic partner where permissible by law) of a member for up to 50% of the member’s coverage amount and to their children at a flat coverage amount of $10,000. Dependents can be covered up to age 21, or 25 if they are full-time students.
If a member or spouse/domestic partner is fully disabled for a period of six consecutive months and is under age 60, their insurance premium will be waived for as long as they remain totally disabled. Written proof of total disability must be provided to The Prudential Insurance Company of America. This additional benefit must be elected, and there is a small additional monthly premium for this benefit. Members and their spouses/domestic partners must be under the age of 55 to select the disability waiver of premium.
Yes, the NEA Group Term Life Insurance Plan also offers an optional accidental death rider that doubles coverage for loss of life caused by a covered accident. This rider is available to both members and spouses. An additional monthly premium will be applied.
Yes, with the Accelerated Benefit Option 5 , 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.
Get some peace of mind knowing this coverage will help your family manage large financial obligations if anything happens to you. Lock in rates for the entire term in coverage amounts up to $1,000,000.
Accidental Death & Dismemberment insurance, issued by The Prudential Insurance Company of America, helps protect you and your loved ones in the event of a major accident. Coverage is guaranteed, and no medical exams are needed.
As an NEA member, you’re eligible for this special coverage at no cost to you. Make sure your information is up to date.
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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.
