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AICPA Trust Refund

Personal Insurance, AICPA Insurance Trust Refund, Refund

The AICPA Trust Plans offer excellent protection and security for you and your family at affordable rates.  The premiums not used for claims and expenses are distributed each year to the Plan’s participants as a cash refund.

Although refunds are not guaranteed, plan participants have received a cash refund from the Trust every year without fail since the program’s inception.  Historically, Trust plan participants eagerly anticipate news about their potential refund.

Trust Refund News for 2016

  • The Trust annual refund will be distributed on February  19
  • This is the 69th straight year the Trust has distributed a refund
  • This year’s refund of over $164 million is the largest in the Trust’s history
  • Over 56,500 members will have immediate access to their refund through electronic deposit, including over 33,000 members who signed up for  the new Automated Clearing House (ACH) option
  • Click to view the Committee Report with refund percentages and Trust Refund FAQs​ All plan participants will have 24/7 online access to their Annual Refund Statement/Schedule K-1 via the self-service portal​ upon refund distribution. 
  • 2016 will be the last year you’ll receive paper refund documents if you receive an electronic refund

Refund Enhancements Can Add More Money to Your Refund 

A member’s refund is increased by $25.00 if the member has more than one trust product.  For participants making monthly Electronic Fund Transfer payments, the refund basis is increased by $25.00. The refund is reduced by $6.00 for participants with Dependent Child Coverage.  If you signed up for ACH by December 31, 2015, you will receive a one-time $25 increase to your 2016 refund.

New ACH Option Results in Faster Refund Delivery

If you haven’t done so already, sign up for ACH and have future annual refunds deposited to your savings or checking account the day they become available.  To thank planholders for registering for electronic deposits, a one-time $25 increase will be added to your refund in the year in which you successfully enroll.  Sign up using these three, easy steps:

  1. Go to; registered users simply sign in; new users must register first
  2. Click on “Other;” select “Annual Refunds;” select “Annual Refund Preferences;” select “Update Preference”
  3. Choose “Electronic Bank Deposit/ACH;” fill in your banking information

PLEASE NOTE– The participant receiving their refund by check acknowledges and agrees that in order to obtain the refund, if any, all refund checks must be presented for payment according to the terms and procedures set forth in this paragraph. Without limiting the foregoing, refund checks shall be deemed null and void if not duly presented for payment by, or on behalf of, the participant or former participant by the expiration date (not to be less than 180 days from the date of issuance) set forth on the face of the check. If a participant fails to timely present for payment a refund check according to this provision and has not, prior to the expiration of the initial refund check, requested re-issuance of such check, the full amount of the refund shall be applied toward any of the participant’s contribution payments due; if no contribution payments are due or owing by the participant at the time the refund check expires, the refund amount shall be applied toward future contributions as they become due, until the participant receives the full refund amount. Except as otherwise provided in this agreement, upon termination of coverage under the applicable trust, nothing herein shall limit a participant’s right to receive a full refund of any unearned contributions or unapplied portion of expired refunds. For Participants receiving their refund by ACH, if we are unsuccessful in transmitting the refund to the bank account we have on file, we will issue the refund by check, which will follow the same rules noted above.

Long Term Disability and Term Life Insurance coverages are issued by The Prudential Insurance Company of America, Newark, NJ. Please see the plan booklet-certificate for all plan details including any limitations, restrictions or exclusions that may apply. Contract series 83500, 31300. 

Costs of coverage may change as you enter a higher age category other than level premium term life insurance coverage or on a class-wide basis only. Contract series 31300, 83500 and 89759.

The summaries of plan benefits shown above do not include all plan provisions, exclusions and limitations. Details of your coverage(s) can be found in your certificate(s). If there are any discrepancies, the certificate governs.

Long Term Disability Income Plan-This policy provides disability income insurance only. It does NOT provide basic hospital, basic medical or major medical insurance as defined by the New York State Insurance Department. North Carolina Residents: THIS IS NOT A MEDICARE SUPPLEMENT PLAN. If you are eligible for Medicare, review the Guide to Health Insurance for People with Medicare, which is available from the company.

*Aon Securities Inc. and Prudential offer the GVUL product by prospectus only. The prospectus, which contains more complete information, should be carefully read before investing or forwarding premiums or applying for coverage. Investors should consider the investment objectives, risks and charges and expenses of the investment company carefully before investing. Variable fund options are subject to investment risk. The prospectus, which contains this information, should be carefully read before investing and to obtain a prospectus, call 1.800.223.7473.

Group Variable Universal Life is issued by The Prudential Insurance Company of America and distributed through Prudential Investment Management Services LLC (“PIMS”). The Prudential Insurance Company of America is located at 751 Broad Street, Newark, NJ 07102 and PIMS is located at 655 Broad Street, Newark, NJ 07102. Both are Prudential Financial companies. Contract series: 89759. Coverage is offered and administered through Aon Securities Inc., Member FINRA/ SIPC, 159 East County Line Road, Hatboro, PA 19040-1218. 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.

With respect to the life insurance, long term disability and long term care products available to individuals and their spouses, an annual fee is paid to the AICPA by the AICPA Insurance Trust for administrative services and sponsorship.

The present definition of eligibility and treatment of a class of subscribers should not be construed as an indication of the basis for qualification for any future refund distribution. Please note that Refunds under the AICPA Insurance Plans are never guaranteed.

Insurer Issued Codes:​
California COA #1179
NAIC #68241​
Ed 1/13