How much coverage can I apply for?
If you’re an NSPE member, under age 60, a resident of the United States (excluding TX, FL, OH, WA, NC, LA, MT, NH, VT), Puerto Rico, or Canada (excluding Quebec), you’re eligible to apply for a Principal Sum of $50,000 through $250,000, in $50,000 increments of NSPE Group AD&D Insurance.
How long does the application process take? When will my coverage become effective?
This is guarantee issue coverage. Group AD&D Insurance requires no underwriting and is often processed quickly.
How do I calculate my rate?
Premium contributions are based on the member’s age at their last birthday. Premiums may periodically increase on plans to reflect plan utilization and ensure their financial stability.
What if I have second thoughts after I apply?
When you become insured, you will be sent a Certificate of Insurance summarizing your benefits under the plan. If you are not completely satisfied with the terms of your Certificate of Insurance, you may return it, without claim, within 30 days. Your coverage will be invalidated—no questions asked!
Who is the carrier?
The NSPE AD&D Plan is underwritten by New York Life Insurance Company, 51 Madison Avenue, New York, NY 10010 under Group Policy No. GMR/G-30220-0/FACE.
Who administers the program?
The NSPE Group Insurance Program is administered by Pearl Insurance. Pearl Insurance strives to provide NSPE members with the most relevant, competitively priced member benefit insurance packages for individuals and their families.