NEA Life Insurance

Your Board of Education only pays for coverage that is 1.5 times your salary.

If you contribute to the:

  • Teachers Pension and Annuity Fund, coverage is 3.5 times your salary
  • Public Employee Retirement System coverage is 3 times your salary

Why NEA Life Insurance?

  • Families have become increasingly dependent on two salaries
  • Affordable group rates for member and spouse or qualified domestic partner
  • Simplified underwriting
  • In New Jersey, your district coverages typically represent 3 to 3 1/2 times your annual salary – but 5 to 7 times your salary is recommended by some financial advisors, if you want to adequately protect your family.
    Bortz Daniel, “When Should You Purchase life insurance?” money/usnews.com, July 2012

 

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