NEA Life Insurance: Affordable Insurance For Educators

2007-03-08 10:33:40

( Insurance )



Most members of the National Education Association (NEA) are concerned about their financial security. The NEA has tried to provide an answer to this issue with the formation of a subsidiary tasked to develop and administer the benefits programs for NEA members.

To implement this mission, the NEAMB (NEA Member Benefits) has leveraged the group's substantial purchasing power to come up with various products for members. These include NEA life insurance in various forms, property and casualty insurance, health and disability insurance, credit, consumer services and various discount products. With these member-only programs, you will find good reason to either join the NEA or, if already a member, to maintain your membership.

Although you can't get insurance education from NEA, you'll find the NEA life insurance products particularly useful. As a NEA member, you may enroll and include your spouse or domestic partner. For your convenience, NEAMB has arranged that you won't have to undergo medical examination for enrollment. You will also be allowed a free 30-day period to look over the provisions of the insurance policy before you start paying for premiums.

There actually are three NEA life insurance packages: group term life, preferred term life, and level premium group term life. The group term life plan is the more popular package. Your NEA life insurance policy is guaranteed to be renewable for life under this plan, and your benefit will remain at the same level until you reach 70 years old.

Under the preferred term life plan, you can get bigger coverage (three times the maximum on group term life coverage) for 10, 15, or 20-year terms. This comes with a portable coverage feature, in case you move. The level premium group term life plan is designed more as a supplemental coverage in case you feel the need to augment any existing coverage you may have.


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