Protecting your most valuable asset—your family’s financial future

NADA is proud to offer all members access to the NADA Spouse Life Insurance Plan, which is issued by The Prudential Insurance Company of America and offers you powerful assistance and exclusive benefits.

Additional details about the NADA Spouse Life Insurance Plan

Coverage Cannot Be Canceled Due to Age

It’s reassuring to know that you may continue to participate as long as: 

• You and the dealership meet the qualifications listed;
• You and your spouse remain legally married;
• The life insurance program remains in force; and
• Premiums are paid on time.

Special Features

Conversion Benefit

If you terminate coverage, you may convert your spouse’s coverage to a Prudential individual policy without a medical examination, provided you apply for conversion within 31 days of your termination. If the dealership terminates participation in the program, spouses who have been enrolled for at least five years may convert up to $10,0000 of their coverage within 31 days. If death occurs during these 31 days, the benefit will be paid whether or not application for an individual policy was made. 

When the life insurance reduces

Spouse coverage reduces gradually over time, based on the dealer’s age. Spouse coverage will reduce to 75 percent when the dealer reaches age 65; to 50 percent of the original coverage amount when the dealer reaches age 70; to 35 percent of the original coverage amount when the dealer reaches age 75. However, coverage cannot be canceled due to age. 

Quality from Prudential

The NADA Spouse Life Insurance Program is underwritten by The Prudential Insurance Company of America, a company known for financial responsibility and high quality service for more than a century. 

Group Life and Disability Income Medical Underwriting NOTICE

Thank you for choosing The Prudential Insurance Company of America (Prudential) for your insurance needs. Before we can issue coverage we must review your application/enrollment form. To do this, we need to collect and evaluate personal information about you. This notice is being provided to inform you of certain practices Prudential engages in, and your rights, with regard to your personal information.  We would like you to know that: personal information may be collected from persons other than yourself or other individuals, if applicable, proposed for coverage; this personal information as well as other personal or privileged information subsequently collected by us may in certain circumstances be disclosed to third parties without authorization; you have a right of access and correction with respect to personal information we collect about you; and upon request from you, we will provide you with a more detailed notice of our information practices and your rights with respect to such information. Should you wish to receive this notice, please contact: The Prudential Insurance Company of America, Group Medical Underwriting, P.O. Box 8796, Philadelphia, PA 19176

Information regarding your insurability will be treated as confidential. We may, however, make a brief report thereon to the MIB, Inc., formerly known as Medical Information Bureau, a not-for-profit membership organization of insurance companies, which operates an information exchange on behalf of its members. If you apply to another MIB member company for life, disability, or health insurance coverage, or a claim for benefits is submitted to such a company, MIB, upon request, will supply such company with the information about you in its file. In addition, upon receipt of a request from you, MIB will arrange disclosure of any information in your file. Please contact MIB at 866-692-6901 (TTY 866-346-3642). If you question the accuracy of the information in MIB’s file, you may contact MIB and seek a correction in accordance with the procedures set forth in the federal Fair Credit Reporting Act. The address of MIB’s information office is 50 Braintree Hill Park, Suite 400, Braintree, Massachusetts 02184-8734. Information for consumers about MIB may be obtained on its website at www.mib.com. 

Plan Exclusions

Suicide: The insurance does not cover loss of life of a Participant which results from or is caused by suicide, while sane or insane, within two years from the date the Participant became a covered individual. In the event of such death by suicide, Prudential’s liability shall be limited to the refund of premiums to the Policyholder, the premiums refunded being those paid under this coverage for such covered individual. 

Racing Automobiles:† The insurance does not cover loss of life of a Participant which results from activities involved in or related to the racing of automobiles on a professional or amateur basis. These activities include, but are not limited to: (a) driving of such vehicles; (b) servicing of such vehicles; (c) testing of such vehicles, in a formalized, competitive venue or in an informal, unstructured format. 

Stunt Exhibition Flying:‡ The insurance does not cover loss of life of a Participant which results from activities involved in or related to the flying of aircraft for stunt or exhibition purposes, on a professional or amateur basis. These activities include, but are not limited to: (a) flying of such aircraft; (b) servicing of such aircraft; (c) testing of such aircraft, in a formalized, exhibition venue or in an informal, unstructured format. 

Prudential cannot give legal or tax advice. Please consult your tax or financial advisor. The Dealer Life Insurance Plan is subject to applicable state laws and regulations. The Prudential Insurance Company of America issues the insurance and is authorized to conduct business in all states, the District of Columbia, Guam, Puerto Rico and the United States Virgin Islands. Principal offices are 751 Broad Street, Newark, NJ 07102-3777, (973) 802-6000. 

The policy is administered by Gilsbar Insurance Services, P.O. Box 998, Covington, LA 70434, (703) 821-7265. Group Contract Series 83500 

This Web site is intended to be a summary of your benefits and may not include all policy provisions, exclusions and limitations. A certificate, with complete policy information, including limitations and exclusions, will be provided. If there is a discrepancy between this document and the certificate issued by Prudential, the terms of the certificate will govern. 

† Does not apply to residents of Minnesota. 

‡ Residents of Minnesota: The insurance does not cover loss of life of a Participant which results from activities involved in or related to the flying of aircraft for stunt or exhibition purposes, on a professional or amateur basis. These activities include, but are not limited to flying in such an aircraft in a formalized exhibition venue; flying in such an aircraft in an informal, unstructured format; servicing such an aircraft, or testing such an aircraft. 

Life Insurance coverage is issued by The Prudential Insurance Company of America, Newark, NJ 07102. All coverages contain exclusions and limitations which are contained in the booklet certificate. Contract series 83500. CACOA# 1179. NAIC# 68241. 

Prudential, the Prudential logo and the Rock symbol are service marks of Prudential Financial, Inc. and its related entities, registered in many jurisdictions worldwide.

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