What is NEA Group Term Life?
A. NEA Group Term Life Insurance, issued by The Prudential Insurance Company of America, offers basic, decreasing term life insurance to all members in good standing. Group Term features include flexible coverage levels, from $25,000 to $300,000 (in $25,000 increments), no set term limits, and no medical exam. For example, if a member purchases Group Term 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.
