Alisha was elected to the position of Mutual Benefit Association (M.B.A.) Representative in 2022. Alisha has been a proud Union member since the beginning of her career. Her fight for the carriers landed her the trust of her fellow coworkers and in 2019 she was elected Shop Steward. Thanks to all the carriers who voted in the 2022 election, Alisha will represent Branch 36 members as the M.B.A.

In our previous articles, we began with a simple concept: having a plan. Everyone knows what a plan is, but just to be clear, it’s when you set up the steps you need to reach a goal or to prepare for something that might happen down the road. From there, we made the connection to insurance. An insurance plan is exactly that: a plan. It’s a set of coverage you pay for regularly so that when something unexpected happens, you’re prepared. Whether it’s health insurance, car insurance, homeowners’ insurance or something else, the idea is the same. You’re covering yourself for things you can’t always predict. Insurance plans are designed to cover as many scenarios as possible. Even if your specific situation isn’t listed word-for-word, it’s often still covered or can be worked out. The key is in understanding what you have and being ready to use it.
We also talked about how to get the full benefit out of any plan and the answer came down to one thing: preparation. Without preparation, even the best plan won’t do you much good. You might not get everything it’s designed to provide, or worse. It could leave you further from your goal, rather than closer to it. That brings us to MBA Life Insurance plans for NALC members, whether you’re currently working as a letter carrier or entering retirement from the U.S. Postal Service. These plans are built to give you flexibility and coverage no matter where you are in life.
Now, let’s explore MBA insurance programs, which offer a blend of both rainyday fund flexibility and insurance coverage. The MBA renewable and convertible term plans come in two options: a 10-year term and a 5-year term. Both plans offer renewal options and the ability to convert to the MBA whole life plan. They provide coverage not only for NALC members, but also for their designated beneficiaries. Upon reaching age 65, policyholders become eligible for the MBA term to age 65 plan. Furthermore, the requirement for a medical exam upon renewal is sometimes waived, allowing for seamless continuation of coverage. These plans ensure coverage until the age of 80 with benefits extendable to beneficiaries even after the policyholder’s passing. In both plans, you can convert to different plans that fit your needs no matter what age you are in life, whether it is before or after the age of 65. You can convert the plan to suit your retirement needs as a NALC member.
The main distinction between the two plans lies in their duration, one provides coverage for a decade, while the other spans half that time. Nevertheless, both plans offer the flexibility to adapt as your needs change over time. Whether it be through a well thought out plan, insurance plan, or MBA insurance plans, the objective remains consistent: to safeguard your financial well-being. With MBA plans, 10-year or 5-year renewable convertible term plans, you have the added advantage of adaptability. You can tailor your coverage to match your evolving needs, whether by transitioning to different plans or adjusting coverage levels. Ultimately, these plans offer peace of mind, ensuring financial security throughout life’s uncertainties.