Level Premium Term (LPT) Life Insurance Plan
Eligibility, Coverage and Costs
Who is eligible to request coverage?
AICPA members up to age 55 are eligible to request a 10- or 20-year term coverage. Those members age 56-65 are eligible to request a 10-year term coverage. Eligible members may also request coverage for their eligible spouse.
Up to $2.5 Million Dollars of Coverage
AICPA members may request coverage under the LPT Plan, even if they already have coverage under the CPA Life or under another member Life Plan. Members with an existing LPT Plan may request additional coverage under LPT. Total coverage amount under all plans may not exceed $2.5 million if you are less than age 55, $2 million if you are age 55 - 64, or $1.5 million if you are age 65. The same coverage limits apply separately for Spouse LPT, based on the CPA's eligibility.
As with other life insurance plans offered through the AICPA Insurance Trust, cash refunds are paid by the Trust to LPT participants from premium refunds received by the Trust through Prudential. Refunds are not guaranteed but if granted, can help offset your overall costs.
Coverage under the Level Premium Term Plan is issued by The Prudential Insurance Company of America, 751 Broad Street, Newark, NJ 07102. Please refer to the Booklet Certificate for all plan details including any exclusions, limitations and restrictions which may apply. Contract Series 83500.
|Insurer Issued Codes|
|California COA #1179||NAIC 68241|
|0189553||0189553-00001-00 ED 7/2011|