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Member Benefits

If you have a life insurance policy or annuity with National Mutual Benefit, you are also entitled to these value-added benefits. NMB’s member benefits are non-contractual benefits for insured members only. If you believe you have a claim and are an insured member, contact the Home Office for more information. All decisions as to eligibility of these benefits shall be at the sole discretion of National Mutual Benefit.

National Scholarship Benefit

Each year, National Mutual Benefit offers up to $30,000 in scholarships to students who are pursuing their first undergraduate degree. For more information on application rules and eligibility click here.

Newborn Death Benefit

National Mutual Benefit will pay a $2,500 death benefit to a benefit member in the event that their liveborn infant dies during its first 60 days of life.

Newborn Insurance Benefit

A live-born infant of a benefit member can be insured up to $5,000 ($7,500 if both parents are benefit members) at standard rates, regardless of the infant's health. Application must take place during the infant's first 60 days of life.

Orphan Income Benefit

If a benefit member or the child of a benefit member becomes orphaned, a monthly allowance will be provided for the care, education, and living expenses of each eligible child. Monthly benefit for ages 0-5: $150; ages 6-13: $200; ages 14-18: $300.

Orphan Scholarship Benefit

If a benefit member or child of a benefit member becomes orphaned, $3,000 will be paid annually for tuition and living expenses, provided the orphaned child enrolls full-time in an accredited college or technical school and meets the minimum requirements. They may receive:

 · A $1,500 grant per semester when attending a four-year college/university ($12,000 maximum)

 · A $1,500 grant per semester when pursuing a two-year course of study ($6,000 maximum)

Disaster Benefit

National Mutual Benefit will provide a grant of up to $1,500 to a benefit member's household for out-of-pocket expenses (not reimbursed by a relief agency or insurer) when they incur a loss to their primary residence from an earthquake, hurricane, or tornado. (If a benefit member's entire house is destroyed due to fire or wind, he or she may also be eligible.)

Disease Benefit

A grant of up to $1,500 will be provided to a benefit member for out-of-pocket expenses (not reimbursed by a relief agency or insurer) that are incurred from these specified diseases: amyotrophic lateral sclerosis (Lou Gehrig's disease); botulism; childhood cancer (under age 18); dialysis treatment for kidney failure; encephalitis; meningitis; prophylactic rabies inoculations; rabies; Reye’s syndrome; and tetanus.

Loss of Sight/Limb Benefit

A grant of up to $2,500 is provided when a benefit member has been involved in an accident resulting in the loss of one hand, one foot, or sight in one eye. Up to $5,000 is provided when a member is involved in an accident resulting in the loss of both hands, both feet, sight in both eyes, or the loss of one foot and one hand.
Form W1514 rev. 11/16/2016