Q. Who is eligible for coverage?
A. You are eligible to request coverage under the CPA Life Plan if you’re under age 75, a member of the AICPA, a State Society of CPAs or other eligible organization, and living in the United States, Puerto Rico, the U.S. Virgin Islands or Guam.

You can request Spouse Life coverage if you are eligible for coverage and your spouse doesn't already qualify for an AICPA life insurance plan. He or she must also be under age 75 and live in the United States, Puerto Rico, the U.S. Virgin Islands or Guam. You can have coverage under the Spouse Life Plan even if you don’t participate in any AICPA Life Plan.

You must maintain your membership to keep your current coverage. However, you have the option to convert your coverage to an individual insurance policy if you cancel your membership(s). Learn more on our Provisions and Exclusions page.

Q: Can I have coverage under the CPA Life or Spouse Life Plan AND the Level Premium Term Plans?
A: Yes, as long as the combined coverage amount does not exceed the maximum amount available for your age under the CPA Life or Spouse Life Plan.

Q. Do I need to submit an application every year if I want to keep my existing coverage?
A. No, you do not need to submit a new application to keep your coverage. However, if you currently receive Select rates, you will need to resubmit evidence of excellent health every 15 years; Preferred rates require evidence of excellent health every 20 years. If you’re not approved for Select or Preferred rates, you can still maintain your life insurance coverage at the Standard rate, as long as you remain eligible.

Q. Do I need to complete the entire application to request additional coverage, even if I have had no medical changes since I last applied?
A. Yes, a new application is required if you’re requesting additional coverage. Apply here for increased coverage.

Q. How do I increase my coverage or apply for Select or Preferred rates?
A. Click here​ to apply for increased coverage or a new rate class.

Q. Does my rate increase when I enter a new age group?
A. Yes, CPA Life has “step rates,” which are increases in five-year bands after you turn 30. You can view the rates for each age group here.

Q. Can I assign my Spouse and/or CPA Life Insurance coverage?
A. Yes, you can get an Assignment Form here

Q. Is a medical exam required to receive coverage?
A. Most members and their spouses who apply for coverage under the Standard or Select rates can expect to be approved based on their answers to health questions–and without further medical evidence. Members who are denied may provide medical evidence. If you and your spouse apply for coverage under the Preferred rates, a brief medical exam is required.

Q. If I apply for additional coverage and it’s denied, does my existing coverage remain in effect?
A. Yes, your current coverage remains in force even if you are denied additional coverage.

Q. How can I decrease my coverage or remove or add an option like Dependent Child Coverage?
A. You can change your coverage at any time through our Online Self-Service Center. Or you can send us a written request with your name, telephone number, account number, requested change(s) to the policy, signature, and date. Mail requests to:

Aon Insurance Services
AICPA Insurance Trust

159 E. County Line Road
Hatboro, PA 19040
Fax: 1-800-242-7248

Please note: Do not request coverage changes on the payment coupon. The changes will not be processed.

Q. Once I reach age 80 and my CPA Life Insurance Plan is terminated, can my spouse’s coverage be maintained?
A. Yes, your spouse’s coverage may remain in force until he or she reaches 80.

 

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