Important Notices

Cost of Insurance
Each month a charge to cover the cost of your life insurance protection is deducted from your Certificate Fund, provided there’s enough money in the Fund. If there isn’t enough money to cover the Cost of Insurance, your Certificate goes into default and a grace period begins. Your Certificate will lapse unless a payment is made within this time period.

Evidence of Insurability
It is expected that most applicants who request Standard or Select rates will be accepted for coverage based on the answers to health questions and without further medical evidence. A brief medical exam is required to receive Preferred rates. Applicants who are not accepted can decide to provide additional medical evidence.

Reduction of Coverage at Age 75
GVUL offers coverage to age 100, as long as you remain a member of the AICPA and/or State Society of CPAs or other qualifying organization. GVUL insurance may reduce to 75% at age 75, to 50% at age 80. Reductions at ages 75+ do not affect Preferred eligibility as long as the reduced coverage amount is at least $190,000.

At any age, however, your coverage will not be reduced to an amount lower than the greater of five times the amount in your Certificate Fund or the lowest face amount needed to keep your coverage within the Internal Revenue Code definition of Life Insurance without reducing the Certificate Fund. These changes occur on the first of October when or after you turn 75.

Note that reductions in coverage may cause your Certificate to become a Modified Endowment Contract (MEC). Distributions from MECs receive less favorable tax treatment than distributions for coverage that Is not a MEC.

When the Life Insurance Terminates
A member's GVUL insurance may continue until coverage is automatically terminated at age 100. Earlier termination will occur if:

  • the participant is no longer a member of the AICPA, a State Society of CPAs or other qualifying organization

  • the Group Contract terminates

  • the participant elects to withdraw from the Plan or fails to pay the required contributions to the Trust (member may also elect an available lower amount and thereby reduce his or her coverage)

Dependent Child Coverage under the GVUL Insurance Plan will terminate under any of the following conditions:

  • the participant's GVUL Insurance Plan coverage terminates

  • the child no longer qualifies as an eligible dependent

  • the GVUL Insurance Plan itself is terminated

  • the provision in the policy for the coverage terminates

If the participant is deceased, Dependent Child Coverage may be continued with Spouse Life Insurance, provided that the spouse's coverage is in effect at the time of the particpant's death, subject to the termination provisions shown above.

Conversion Privilege
GVUL Insurance Plan coverage can be reduced or terminated if the participant has attained a certain age, or if he or she is no longer a member of the AICPA, a State Society of CPAs or other qualifying organization, or his or her membership is terminated and the coverage is reduced or terminated accordingly. If this happens, the participant can convert the amount by which the insurance was reduced or terminated to a Prudential individual life insurance policy. The participant can get this life insurance protection without taking a medical exam or answering health questions.

To convert the insurance, the member must apply for the individual contract and pay the first premium according to the following rules:

  • If the member has been given written notice of the conversion privilege within 15 days before or after he/she ceases to be insured for all or part of the insurance, he/she must apply for the individual contract and pay the first premium within 31 days after ceasing Insurance coverage.

  • If the member has been given written notice of the conversion privilege more than 15 days but less than 90 days after he/she ceases to be insured for all or part of the insurance, he/she must apply for the individual contract and pay the first premium within 45 days after written notice has been given.

  • If the member has not received written notice of the conversion privilege within 90 days after all or part of the insurance ceases, the time allowed for exercising the privilege ends at the end of 90 days.

If the insurance ends because all of the insurance ends for the insured's class, the total amount of individual insurance that is obtained through this privilege will not exceed the total amount of the insurance that was terminated under the Group Contract reduced by the amount of group life insurance from any carrier for which he/she becomes eligible within 45 days. A death benefit is payable under the Group Contract—even if the covered member did not apply for conversion—if the member dies within 31 days of the termination and while still entitled to convert according to the rules described above.

If the insurance for Dependent Child Coverage terminates for any of the reasons stated, all or part of the coverage may be converted to an individual life insurance policy. No evidence of insurability will be required. Special conversion rules apply for participants that reside in Minnesota.

The Life insurance proceeds are paid to the designated beneficiary(ies). If there is more than one beneficiary, proceeds may be divided into equal or unequal shares. The proceeds are usually paid in a single sum. But you may also elect equal monthly installments of all or part of the proceeds (with interest) paid over a fixed period of time. There are several other settlement options that you can choose by mutual agreement with Prudential.

If there is a Beneficiary for the insurance, it is payable to that Beneficiary. Any amount of insurance for which there is no Beneficiary at your death will be payable to the first of the following: your (a) surviving spouse; (b) surviving child(ren) in equal shares; (c) surviving parents in equal shares; (d) surviving siblings in equal shares; (e) estate.

If you name more than one beneficiary, proceeds may be divided into equal or unequal shares. Several modes of settlement options are also available by mutual agreement with Prudential.

To change your beneficiary(ies) or to change your legal name, please use the Change of Name/Beneficiary Form.

Your life insurance is payable for death from any cause except suicide within two years after the effective date of inception of coverage or an increase of coverage.

For Accidental Death and Dismemberment insurance, the loss must occur as a result of an accident while insured and within 90 days* after the date of the injury. Losses not covered are those resulting from the following: war; act of war; suicide, attempt at suicide; sickness; medical or surgical treatment of sickness, whether the loss results directly or indirectly from the treatment; any bacterial or viral infection (unless the infection was the result of an accidental injury or bacterial infection that results from the accidental ingestion of contaminated substances); or travel in an aircraft except as a passenger without duties aboard.

*The limit for Oregon residents is 180 days. No time limit applies to Pennsylvania residents.

IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT — To help the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you.​

This site may contain marketing language, on products issued by The Prudential Insurance Company of America, that has not yet been approved in all states.

This material is for informational or educational purposes. In providing this material, Prudential (i) is not acting as your fiduciary as defined by the Department of Labor and is not giving advice in a fiduciary capacity and (ii) is not undertaking to provide impartial investment advice as Prudential will receive compensation for its products and  services.​

You should consider the coverage and the underlying funds’ investment objectives, risks, charges and expenses carefully before investing. Both the GVUL prospectus and the underlying fund prospectuses contain this and other important information. Visit​ for the prospectuses. You should read them carefully before purchasing coverage.

Group Variable Universal Life (GVUL) coverage is issued by The Prudential Insurance Company of America and GVUL is distributed through Prudential Investment Management Services LLC (“PIMS”). Both are Prudential Financial companies, Newark, NJ. Contract series: 89759. Coverage is offered and administered through Aon Securities LLC, Member FINRA​/SIPC​, 1100 Virginia Drive, Suite 250, Fort Washington, PA 19034-3278, 1-800-223-7473. The Plan Agent of the AICPA Insurance Trust is Aon Insurance Services. Aon Securities Inc. and Aon Insurance Services are not affiliated with either Prudential or PIMS.

Aon Insurance Services is the brand name for the brokerage and program administration operations of Affinity Insurance Services, Inc.; (TX 13695); (AR 244489); in CA & MN, AIS Affinity Insurance Agency, Inc. (CA 0795465); in OK, AIS Affinity Insurance Services Inc.; in CA, Aon Affinity Insurance Services, Inc., (0G94493), Aon Direct Insurance Administrators and Berkely Insurance Agency and in NY, AIS Affinity Insurance Agency.