Membership Benefits
NEA-Sponsored Deposit Accounts
NEA-Sponsored Deposit Accounts Earn more for your future!
NEA members can earn yields that are consistently among the highest in the nation!
Member-only benefits include:
NEA-Sponsored Money Market Savings Account:
- Low minimum opening balance of $500
- FDIC insurance up to the maximum amount allowed by law
- Make up to six withdrawals per statement cycle, three of which can be by check
- Easy cash access through checks or ATMs
NEA-Sponsored CD:
- Low minimum opening balance of $1,000
- FDIC insurance up to the maximum amount allowed by law
- Choose from terms of three to 120 months
Join the thousands of NEA members who have already taken advantage of these great member-only yields. Open an NEA-Sponsored deposit account today!
P.S. Remember that your family members are also eligible to earn the same great yields!*
To open an account or for current rates and yields, call NEA Member Benefits at 1-800-637-4636
(Mon-Fri, 8 a.m. - 8 p.m. or Sat, 9 a.m. to 1 p.m.) ET or visit neamb.com/deposits
The NEA-Sponsored Money Market Savings and CD Account rates and yields are available exclusively to NEA members who open their accounts online at neamb.com or by phone. These rates and APYs do not apply to accounts opened at Bank of America banking centers.
*Eligible NEA family members include parents, spouse (or domestic partner) and children.
Absolutely NO membership dues are used to market this program.
AERA Announces New Critical Care Benefit
In a continued effort to help protect the financial interest of our members, AERA is announcing the roll out of our new Critical Illness Benefit. This new Critical Illness Benefit is offered through a special arrangement with National Security Group in cooperation with our exclusive agents of record at Countryman & Smitherman Inc. located in Prattville, Alabama. National Security Group is also an Alabama company and the underwriting, administration and service of the plan will be done locally in Elba, Alabama.
Why Critical Illness protection? It has come to our attention that there are the possibilities of substantial financial hardships that our members can experience if they or one of their family members contract a serious disease or have a serious accident. Maybe you need the additional money to help cover your deductibles and co-pays or to help with the travel expenses associated with going back and forth to the doctor or to travel to seek the best treatment available. The money will come in handy to help offset the bills you or your family might incur for lodging and meals to stay near a loved one while they receive treatment away from home. Maybe you need the money just to offset the pay you could lose from being away from work for an extended time while you or a family member are recovering or for a nursing home or other extended care facility. You decide how best to use the money because this plan pays directly to you in addition to any other benefits you might have.
This new Critical Illness Insurance pays a lump sum amount directly to you if you are diagnosed with one of a long list of covered illnesses. You decide how much or how little you want the benefit to be at the time of purchase in $5,000 units. You can choose to have cancer coverage with this plan or you can buy the benefit at a reduced charge excluding cancer coverage from the list of covered illnesses. You can also choose to have on-the-job accidents covered at a small additional premium for those of you who are still actively working a full or part-time job. The premiums are very reasonably priced and offer the convenience of deduction directly from your retirement check.
If you would like more information about this plan, please call National Security Group at 1-800-239-2358, ext. 201 (Tommy Skinner) or ext. 208 (Renee Kelley). You may also visit their website at www.nationalsecuritygroup.com.
Thank you very much for your attention to this exciting new benefit and for being a member of AERA.
Member Benefits Offered
- Final Expense Whole Life Insurance
- Senior Whole Life Insurance
- Young Adult Life Insurance
- Cancer Protector Plan
- Travel Accident Plan
- Hospital Helper Plan
- Individual Annuities
- VisionChoice® Vision Care Plan
- American Hearing Benefits
Final Expense Whole Life Insurance
Sometimes it can be difficult to find good life insurance protection at an affordable price after age 50, and final expenses can be a real burden for loved ones. This whole life policy builds cash values and provides a relatively inexpensive way to help with the financial responsibilities related to death. This is a "permanent" protection -- guaranteed for the rest of your life. You can't be cancelled no matter what happens to your health! This plan of insurance is available to AERA members and their spouses, ages 49 through 80, who are in good health. You need a whole life plan you can trust. This plan is designed for -- and the choice of -- many former educators just like you. AERA has worked closely with the insurance company to meet the needs of its members by offering affordable, permanent life insurance protection.
*Underwritten by Fidelity Security Life Insurance Company, Kansas City, MO
Senior Whole Life Insurance
Yes, we have solved the problem of being "too old" to get good life insurance! The AERA Senior Whole Life Insurance program is the kind that accumulates cash value for you beginning the second year. Unlike term life insurance, your Senior Whole Life rates will not increase as you get older. Your rate is guaranteed to stay just the same as it is when you apply, regardless of your age or health. Acceptance is guaranteed to every applicant age 45 through 75 -- your past or present health problems are no obstacle! There are no health questions and no medical exam required.
The Senior Whole Life Insurance plan offers up to $20,000 in valuable modified whole life coverage and pays two times the face amount if death is due to an accident. If death is due to natural causes, the plan is limited to 125% of the annual premium during the first certificate year, 250% of the annual premium during the second certificate year, and the full-face amount during the third coverage year and beyond. Your benefits do not reduce or terminate due to age.
*Underwritten by Fidelity Security Life Insurance Company, Kansas City, MO
Young Adult Life Insurance
As an AERA member, you can give your children or grandchildren the gift that grows throughout their life. . .the Young Adult Life Insurance plan. This plan is a lifetime gift protection and a guarantee that your loved ones can secure more coverage in the future -- no matter what their health or occupation. Children are special. When you buy them a gift, you want it to be special and you want it to last. As time goes by, your children outgrow the clothes, the toys, and the books you give them. Why not give them a gift that will last... One they won't outgrow? The Young Adult Life Insurance plan.
Just $6.00 a month can provide $20,000 of life insurance for your grandchildren! The money you spend now means that special child in your life can be covered with solid, reliable life insurance protection today and tomorrow. The Young Adult Life Insurance plan gives your child a "head start" in life. After five years, the Young Adult Life Insurance plan begins accumulating cash values. Plus, when your child needs more coverage during the adult years, he or she can have it. . . regardless of health. At age 21, your child or grandchild becomes the owner of the policy. At ages 28, 31, 34, 37, and 40, your child can purchase additional protection -- equal to the original coverage amount or to a maximum or $15,000, whichever is less -- with no evidence of insurability.
This plan also includes a waiver of premium feature for total disabilities occurring prior to the owner/payor, age 60, and a death waiver premium in the event of the death of the owner/payor until the child reaches age 21.
*Underwritten by Fidelity Security Life Insurance Company, Kansas City, MO
Cancer Protector Plan
Why do you need cancer coverage? As we get older, our risk of getting cancer increases significantly. Cancer treatment can be long, complicated, and expensive -- so expensive that the costs might go beyond your medical insurance limits. That's why it's so important that you supplement your medical coverage with the AERA Cancer Protector plan, exclusively for AERA members. This plan pays in addition to any other medical coverage you may have.
The plan provides benefits for you and your family for expenses both in and out of the hospital for the treatment of cancer, and includes benefits for cancer screening procedures such as mammography and annual PAP examinations. All AERA members and their spouses are eligible, regardless of age, as long as they have been cancer-free for the last ten years. Unlike many other cancer plans, your benefits will not reduce or terminate due to age.
In addition, this plan now features a "first occurrence" cancer benefit, which is available only through a special offer one-time per year during a special enrollment period. This benefit pays a $1,000 lump sum benefit for the first diagnosis of internal cancer (skin cancer is excluded).
*Underwritten by Fidelity Security Life Insurance Company, Kansas City, MO
Travel Accident Plan
This plan offers protection for covered members and their spouses under age 75 should they become involved in a covered accident while traveling. Benefits are paid directly to the insured. This plan pays an accidental death benefit of $50,000 due to accidents while the insured is a passenger in a common carrier vehicle such as a taxi, plane, bus, etc. In addition, the plan pays an accidental death benefit of $100,000 due to death from an accident while driving or riding in a car, truck, camper, motor home, or non-motorized bicycle. Included with this plan is an in-hospital benefit of $100 per day (for up to 730 days) if the insured is hospitalized as the result of a covered accident either in a common carrier or a private passenger vehicle. (Hospital confinement must begin within 90 days of the covered accident.) There is no reduction in benefits due to age, and the insured may keep his or her coverage until 80.
*Underwritten by Fidelity Security Life Insurance-Kansas City, MO
Hospital Helper Plan
This plan pays a daily benefit for hospital confinements due to a covered sickness or injury. It also includes benefits for confinement in an intensive care/cardiac care unit of a hospital and nurse-at-home benefits.
*Underwritten by Fidelity Security Life Insurance Company, Kansas City, MO
Individual Annuities
Annuities accumulate funds on a tax-deferred basis during the accumulation phase. Annuities can also provide lifetime income options.
*Underwritten by New York Life Insurance & Annuity Corporation
* The benefits stated generally describe the insurance programs. Benefits, exclusions, and limitations are further described in the plan brochures. Payroll deduction is also available.
All Previous Mentioned Programs Are Offered By Countryman & Smitherman, Inc., Prattville, Alabama
Call Toll Free 1-877-777-4301 or 1-334-365-5055
VisionChoice® Vision Care Plan
Your VisionChoice® Vision Care Plan is a great benefit, free of charge to you as part of your AERA membership. The plan includes:
- $45 comprehensive eye exam
- $40 credit toward purchase of VisionChoice® frames
- $20 credit toward purchase of already discounted lenses
- $250 allowance per eye for laser vision correction
- Eyewear packages available at significant savings
- No limited selection of frames
- No maximum benefit, no deductible, and no preexisting condition clauses
To learn more about the VisionChoice® Vision Care Plan and to get a listing of Authorized Providers, call your One Source, One Solution Member Services Hotline at 1-866-322-2244, or visit our website at www.collateralbenefits.com.
American Hearing Benefits
American Hearing Benefits, Inc. and AERA have partnered together to offer members and their family an exceptional discount on hearing instruments manufactured by the only major hearing aid manufacturer which is American owned, and is the leading producer of custom hearing instruments worldwide. In this program, AERA members will save up to 60% off the purchase of hearing instruments, including the latest in digital technology. To learn more about this program, call 1-866-925-1287 or email questions to ahb@earthlink.net.
- Free annual hearing screening for all members and their spouses
- Special discounts on hearing instruments
- Two-year warranties on hearing aids, which includes loss and damage insurance
- No-charge office service for cleaning and programming hearing aids
- Special discounts on hearing aid batteries
How The Plan Works: A member or spouse calls the American Hearing Benefits customer service department. After verification of membership, the customer service representative will refer the member to the approved hearing center in their area. Both the member or spouse and the hearing center will receive written confirmation of the referral. The participating provider will determine your hearing needs following a hearing screening and consultation. If hearing correction is indicated, the provider will assist the member or spouse in choosing the appropriate hearing aids at special discounted prices.
American Hearing Benefits
Call Toll Free 1-866-925-1287 OR
www.ahbbenefits.com