The MTA Advantage is a publication of MTA Benefits, a subsidiary of the Massachusetts Teachers Association
Six myths about
Don't let these misconceptions
prevent you from carrying the
insurance coverage you may need
Chances are that you already understand the
value of life insurance. If you or a loved one dies,
life insurance can help pay off final expenses
and debts, provide a steady income for a period
of time, or fund college tuition, for example.
Yet only six in 10 Americans have life insurance*,
according to the insurance and financial products
In its continuing effort to promote awareness of
the importance of life insurance, NEA Member
Benefits would like to debunk six common myths
about life insurance coverage:
Only breadwinners need life insurance.
If you’re not the main wage earner in your family,
you might think you don’t need coverage. Think
again. Even if you’re not the breadwinner, you
still earn valuable income or provide services
to your household. Stay-at-home parents
perform tasks that would either need to be
supplemented or replaced. The breadwinner might
need to work less or take a different job while the
family adjusts to a one-parent household.
Investing my money is a smarter move
than buying life insurance. If you have $1
million in liquid assets, you might not need life
insurance. Relying solely on your investments can
be risky, however, especially if you have children
or a spouse who depends on your income.
You don’t need more coverage than
your employer provides. Many employers may
provide a great free or low-cost supplement.
But these policies may not provide enough
coverage in most situations.
I don’t need life insurance if I don’t
have dependents. Funeral expenses, medical bills
and debts are transferred to the next of
kin upon a person’s death. Having coverage
protects your legacy by helping to ensure
that you don’t leave a financial burden for
your loved ones.
Your chance to get important
protection when prevention
Accidents and injuries happen every single day. You have the chance
now, for a limited time, to learn more about disability insurance and
why it’s so important.
Disability open enrollment runs from
March 1 through May 12
We think a disability won’t happen to us. But we all know someone
who has slipped on ice and broken a limb, injured his or her back
or developed a debilitating illness. If you have disability coverage,
you can still receive a portion of your income.
The best time to get this coverage
is before you need it.
Members in participating districts
who aren’t currently covered
under the plan are encouraged to
take a few minutes to meet with
a disability enrollment counselor
who will show you how the plan’s
benefits can help.
Local presidents in districts that don’t currently offer the insurance can find out
in just a few minutes how easy it is to provide interested members with the
opportunity to obtain coverage and protect their families. Call Tom Colbert at
888.646.1972, ext. 101.
Continued on page 2