NBUSA Provided Insurance:

Nazarene Benefits USA provides a base level of survivor benefit and $500 monthly long-term disability insurance coverage to eligible ministers whose church has contributed at least 1 dollar to the NBUSA Fund allocation. Active ministers are eligible for the survivor benefit based on their age. Retired ministers, or active ministers over age 75, receive coverage based on their years of service: $1,500 for ministers with 10-20 years; $3,000 for ministers with 21-30 years; $6,000 for ministers with 31+ years.

Funds to provide the survivor benefits and disability insurance coverage comes from support of the NBUSA Fund by churches like yours. On behalf of the ministers of our church, thank you!

Supplemental Insurance:

Nazarene Benefits USA provides complimentary survivor benefits and disability coverage to eligible ministers, but we recognize that this foundational protection may not be enough for every family. The death or disability of a minister or spouse can create significant financial hardship for a parsonage family and impact the church they serve. To help strengthen your protection, we offer affordable supplemental options, including Group Term Life, Individual Long-Term Disability, and Accidental Death and Dismemberment coverage. Enrolling at a younger age can mean more favorable rates. Your coverage needs will adjust over time as your family circumstances change. We encourage you to review the available options annually and choose the coverage that best supports your family and ministry.

Guidestone Health Insurance:

NBUSA does not offer health insurance, but we have friends in the broader faith community who do. GuideStone—the benefit board serving Southern Baptist and other denominational ministries—has health insurance solutions for almost any size church.

Fidelity Medicare Services:

Pastors and church employees who are eligible for or approaching eligibility for Medicare can receive personalized support through our NBUSA-endorsed partner, Fidelity. Their licensed advisors make it easy to understand your options and enroll in a plan that fits your healthcare needs and budget. This service is provided at no cost.

Supplemental Group Term Life Insurance

Supplemental group term life insurance builds no cash value, but it offers coverage for growing families at reasonable rates. For example, a qualified minister or church-employed layperson (age 30 to 34) may receive a maximum of $500,000 in coverage for as little as $528 annually. Additionally, a spouse may apply for a maximum of $125,000, not to exceed the primary individual’s coverage. Coverage must be purchased in increments of $10,000 (minister) and $5,000 (spouse). Also, dependent children* are covered at no cost, with 50% of the benefit purchased for the spouse (not to exceed $20,000).

The good news with this policy is that if you are within 90 days of a “life event,” such as marriage, birth or adoption of a child, ordination, receipt of first district license, or first full-time/full-livelihood employment by a qualified employer, you do not have to show evidence of insurability. There are, however, age and amount limitations.

Important Features and Limitations to the Supplemental Life Insurance Plan:

Life Event Guaranteed Issue Amount: If you are younger than age 60, you may apply for insurance or increase your coverage, not to exceed $250,000 ($125,000 on your spouse) within 90 days of the following life events: Your Marriage, The Birth or Adoption of a Child, Your First District Ministerial License, Your Ordination, Your First Full-Time/Full-Livelihood Employment by a Qualified Employer.

Conversion: If you terminate employment, are no longer eligible for coverage, or your coverage reduces due to age, you have the opportunity to purchase an individual conversion life insurance policy within 31 days of your termination of coverage.

Premium Waiver: If you cease work due to a permanent and total disability before reaching age 65, your life insurance may be extended, at no cost to you or your employer, once you have completed a six-month waiting period. If your claim is approved, your life insurance will continue until the earlier of 1) the date you recover or 2) the date you fail to show The Hartford proof of continued disability, otherwise it terminates at age 70.

Individual Long-Term Disability

Few couples have enough savings to support themselves through situations where one is disabled by accident, injury, or illness. Long-term disability insurance allows eligible participants to choose from monthly payouts ranging from $500 to $1,500 a month. Also, benefit amounts are not affected by disability assistance that may be received from Social Security. A 30-year-old minister could receive a monthly benefit of $1,500 for an annual cost of $91.15.

As long as you remain disabled, LTD benefit payments will continue until:

• The calendar month when you reach normal retirement age, as determined by the 1983 Amended Social Security Normal Retirement Age; or
• If your disability starts on or after the date you reach age 60, the expiration of the number of months of disability, as figured from this schedule.

Can I Get Individual Long-Term Disability Insurance if I have a Preexisting Condition?

If you were diagnosed, treated or received medical services within the six months immediately preceding your effective date of Long-Term Disability coverage (the “look-back period”), then you are not eligible to receive benefits if:

• The disability occurs within 12 months following the effective date of coverage, and
• The disability is caused by the same condition for which you were diagnosed, treated or received medical services in the look-back period (as defined above).
  
  

Accidental Death and Dismemberment

Life isn’t always easy. Unexpected events happen. Accidental Death and Dismemberment (ADD) insurance provides support after a death or serious accident to help your family with much-needed financial assistance. Covered events include accidental death, paralysis, third-degree burns, comas, and loss of speech, hearing, sight, or limbs. A qualified minister or church-employed layperson may apply for coverage in increments of $50,000, up to a maximum of $200,000 (which costs only $72 annually). Dependent coverage up to $100,000 costs only $48.