Choose the Coverage That’s Right For you
Every active member can choose from three guaranteed-issue Group Decreasing Term Life insurance plans. No medical exams. No health questions. Your coverage cannot be declined due to your health.
$17/month
Affordable protection with included AD&D.
$20/month
Affordable protection with included AD&D.
$25/month
Affordable protection with included AD&D.
Why Members Love the NCPERS Plan
More Than Life Insurance
Enhance your protection with supplemental health benefits that help you when life takes an unexpected turn.
- Fractures
- Emergency treatment
- Hospital stays
- Therapy services
- Ambulance transportation
- And more
- Cancer
- Heart attack
- Stroke
- Major organ failure
- Alzheimer’s/Dementia
- And more
- Hospital admissions
- Hospital confinement
- Emergency room visits
- Urgent care
- Ambulance services
- And more
Schedule of Benefits
$17 Monthly Contribution
(covers you, your spouse or domestic partner, and your children)
| Age | Member Life | Member AD&D | Total Benefit for Accidental Death | Spouse Life |
|---|---|---|---|---|
| < 25 | $225,000 | $100,000 | $325,000 | $20,000 |
| 25 - 29 | $170,000 | $100,000 | $270,000 | $20,000 |
| 30 - 39 | $100,000 | $100,000 | $200,000 | $20,000 |
| 40 - 44 | $65,000 | $100,000 | $165,000 | $18,000 |
| 45 - 49 | $40,000 | $100,000 | $140,000 | $15,000 |
| 50 - 54 | $30,000 | $100,000 | $130,000 | $10,000 |
| 55 - 59 | $18,000 | $100,000 | $118,000 | $7,000 |
| 60 - 64 | $12,000 | $100,000 | $112,000 | $5,000 |
| 65 - 69 | $7,000 | $7,000 | $14,000 | $4,000 |
| 70 - 74 | $6,000 | $6,000 | $12,000 | $3,000 |
| 75 - 79 | $5,000 | $5,000 | $10,000 | $2,000 |
| 80 - 84 | $4,000 | $4,000 | $8,000 | $2,000 |
| 85+ | $3,000 | $3,000 | $6,000 | $2,000 |
Payment examples for $17/mo plan:
1. If an insured member age 38 dies of natural causes, the beneficiary would receive $100,000. If death is due to a covered accident, $200,000 would be payable.
2. If the spouse or domestic partner of a 42-year-old member dies, the member would receive $18,000.
3. If a dependent child less than 26 dies, the payment to the member would be $4,000.
Dependent children age 26 and younger receive a flat $4,000 or $5,000 coverage amount for all benefit levels. Unmarried children up to age 26 are covered, including adopted children, stepchildren, and foster children who depend on you for support. Dependents in the military service are not eligible.
Please note: insurance coverage for a child will not end at age 26 if the child is then mentally or physically incapable of earning a living and meets the definition of Qualified Dependent.
$20 Monthly Contribution
(covers you, your spouse or domestic partner, and your children)
| Age | Member Life | Member AD&D | Total Benefit for Accidental Death | Spouse Life |
|---|---|---|---|---|
| < 25 | $275,000 | $125,000 | $400,000 | $20,000 |
| 25 - 29 | $208,000 | $125,000 | $333,000 | $20,000 |
| 30 - 39 | $122,000 | $125,000 | $247,000 | $20,000 |
| 40 - 44 | $79,000 | $125,000 | $204,000 | $18,000 |
| 45 - 49 | $49,000 | $125,000 | $174,000 | $15,000 |
| 50 - 54 | $37,000 | $125,000 | $162,000 | $10,000 |
| 55 - 59 | $22,000 | $125,000 | $147,000 | $7,000 |
| 60 - 64 | $15,000 | $125,000 | $140,000 | $5,000 |
| 65 - 69 | $9,000 | $9,000 | $18,000 | $4,000 |
| 70 - 74 | $7,000 | $8,000 | $15,000 | $3,000 |
| 75 - 79 | $6,000 | $7,000 | $13,000 | $2,000 |
| 80 - 84 | $5,000 | $5,000 | $10,000 | $2,000 |
| 85+ | $4,000 | $4,000 | $8,000 | $2,000 |
Payment examples for $20/mo plan:
1. If an insured member age 38 dies of natural causes, the beneficiary would receive $122,000. If death is due to a covered accident, $247,000 would be payable.
2. If the spouse or domestic partner of a 42-year-old member dies, the member would receive $18,000.
3. If a dependent child less than 26 dies, the payment to the member would be $4,000.
Dependent children age 26 and younger receive a flat $4,000 or $5,000 coverage amount for all benefit levels. Unmarried children up to age 26 are covered, including adopted children, stepchildren, and foster children who depend on you for support. Dependents in the military service are not eligible.
Please note: insurance coverage for a child will not end at age 26 if the child is then mentally or physically incapable of earning a living and meets the definition of Qualified Dependent.
$25 Monthly Contribution
(covers you, your spouse or domestic partner, and your children)
| Age | Member Life | Member AD&D | Total Benefit for Accidental Death | Spouse Life |
|---|---|---|---|---|
| < 25 | $350,000 | $150,000 | $500,000 | $24,000 |
| 25 - 29 | $264,000 | $150,000 | $414,000 | $24,000 |
| 30 - 39 | $156,000 | $150,000 | $306,000 | $24,000 |
| 40 - 44 | $101,000 | $150,000 | $251,000 | $22,000 |
| 45 - 49 | $62,000 | $150,000 | $212,000 | $18,000 |
| 50 - 54 | $47,000 | $150,000 | $197,000 | $12,000 |
| 55 - 59 | $28,000 | $150,000 | $178,000 | $8,000 |
| 60 - 64 | $19,000 | $150,000 | $169,000 | $6,000 |
| 65 - 69 | $11,000 | $11,000 | $22,000 | $5,000 |
| 70 - 74 | $9,000 | $9,000 | $18,000 | $4,000 |
| 75 - 79 | $8,000 | $8,000 | $16,000 | $2,000 |
| 80 - 84 | $6,000 | $6,000 | $12,000 | $2,000 |
| 85+ | $5,000 | $5,000 | $10,000 | $2,000 |
Payment examples for $25/mo plan:
1. If an insured member age 38 dies of natural causes, the beneficiary would receive $156,000. If death is due to a covered accident, $306,000 would be payable.
2. If the spouse or domestic partner of a 42-year-old member dies, the member would receive $22,000.
3. If a dependent child less than 26 dies, the payment to the member would be $4,000.
Dependent children age 26 and younger receive a flat $4,000 or $5,000 coverage amount for all benefit levels. Unmarried children up to age 26 are covered, including adopted children, stepchildren, and foster children who depend on you for support. Dependents in the military service are not eligible.
Please note: insurance coverage for a child will not end at age 26 if the child is then mentally or physically incapable of earning a living and meets the definition of Qualified Dependent.
Special Features
If you are less than 60 years old and become totally disabled for at least nine months, your insurance may be continued without further premiums, as long as you furnish annual proof of your continued total disability satisfactory to Prudential.
Option to Accelerate Payment of Death Benefits*: If you are terminally ill with a life expectancy of six months or less, you may receive up to 50% of your insurance benefits—up to a maximum of $112,500 in advance.
If you cease to be a member, you can convert your insurance to a Prudential individual life policy—with coverage for your spouse/domestic partner—within 31 days following termination of insurance.
The plan will reimburse up to $50,000 in remaining student loans if you’re age 45 or younger and become totally disabled under the terms of the policy*.
FAQs
Get answers to the most common questions about the NCPERS plan.
ELIGIBILITY
Who is eligible?
Active members of the retirement system who are actively at work may enroll during a one-time enrollment period announced by the retirement system, during open enrollment, or within 90 days of their hire date.
Eligible dependents include your spouse or domestic partner and unmarried children from birth through age 25 (up to age 26).
Dependent children include your legally adopted children, stepchildren, and foster children who depend on you for support.
When will my coverage become effective?
Your coverage becomes effective on the first day of the month following your application submission date, provided your application is approved and your initial premium payment has been received. If your initial premium payment has not been received, your coverage will not become effective until that requirement has been satisfied.
Dependent coverage becomes effective on the same date as your coverage, provided your application is approved and your initial premium payment has been received. If a dependent is confined for medical treatment, coverage for that dependent becomes effective on the date the dependent is released from such confinement by a physician.
COVERAGE
What is my current benefit?
View the schedule of benefits.
Can I find out who is listed as my beneficiary?
Please call Member Benefits toll-free at 1-800-525-8056 to verify your current beneficiary designation.
How can I change my name or beneficiary?
To change your beneficiary, complete the Beneficiary Change Form available in the Resource Library.
For your protection, beneficiary changes must be submitted in writing, signed, and dated by the member. Changes cannot be accepted by phone.
Can I cancel my coverage?
Yes. You may cancel your coverage at any time by completing the Life Insurance Cancellation Form available in the Resource Library.
Once your cancellation request has been processed, your coverage will terminate in accordance with the terms of the plan. For questions about your cancellation or the effective termination date, please contact Member Benefits at 1-800-525-8056.
CLAIMS
How does the claims process work?
In the event that you need to file a claim, please complete and return the Death Claim Form found in the Resource Library.
Death claims are typically processed within 4–6 weeks after complete claim information is received. Incomplete information may delay processing.
Subject to applicable state law, Prudential’s Alliance Account® is the standard settlement option for death benefits of $5,000 or more. We will establish an interest-bearing account in the beneficiary’s name. Beneficiaries earn interest as long as the account remains open. They can withdraw the full amount immediately, write drafts against the balance, or leave the funds in the account to collect interest.
For death benefits of less than $5,000, claims will be settled via a lump sum check.
The following settlement and payment options are available as an alternative to the Alliance Account:
- Lump Sum: The beneficiary may receive the full death benefit in a single lump sum check or receive the full amount via Electronic Funds Transfer (EFT).
- Payment for a Fixed Period: The death benefit plus interest may be paid over a fixed number of years (1 to 25) either monthly, quarterly, semiannually, or annually.
- Payment in Installments for Life: The death benefit may provide monthly payments in installments for as long as the beneficiary lives.
- Payment of a Fixed Amount: The beneficiary may choose an income payment of a stated fixed amount either monthly, quarterly, semiannually, or annually.
- Interest Income: All or part of the proceeds may be left with Prudential to earn interest, which can be paid annually, semiannually, quarterly, or monthly. The minimum deposit is $1,000.
To file a claim, contact the Member Benefits at:
- Phone: 1-800-525-8056
- Email: NCPERS@memberbenefits.com
or use the downloadable form linked above.
OTHER
Who is Member Benefits?
Member Benefits is responsible for administering the IMRF/NCPERS plan.
Who is the National Conference on Public Employee Retirement Systems (NCPERS)?
NCPERS is an organization of Public Employee Retirement Systems that was organized in 1942 to safeguard and promote the rights and benefits of public employees in national, state and local retirement pension or annuity and benefit systems. For more information on NCPERS, visit www.NCPERS.org.
NCPERS has no role in the administration of the life insurance program and the benefits are guaranteed solely by the insurance carrier. NCPERS is compensated solely for the use of its name, service marks and mailing lists.
The National Conference on Public Employee Retirement Systems (NCPERS) takes its role to protect and maximize the financial security of public pension members and their dependents very seriously. In 1966–68 they retained Gallagher Benefit Services, Inc. to design a voluntary plan that would allow members to eliminate or reduce their financial risk regardless of when death occurred. The Prudential Insurance Company of America was selected to issue the coverage, which became available to the membership on August 1, 1969.
Resources
Everything you need for a successful enrollment.