CPA Life Insurance Plan
Additional Features
Evidence of Insurability
It is expected that most members will be accepted for coverage based on their answers to health questions and without further medical evidence; in most cases, no medical examination is required. Members not so accepted may, at their option, furnish additional medical evidence.
Optional Accidental Death and Dismemberment (AD&D) Insurance
AD&D insurance is 24-hour, around-the-world accident coverage. No AD&D coverage is offered under Dependent Child Insurance.
The full amount (equal to the amount of life insurance) is payable for the covered loss of: life, both hands, both feet, sight in both eyes, one hand and one foot, one hand and sight in one eye, or one foot and sight in one eye. One-half the amount is payable for the covered loss of: one hand, one foot, or sight in one eye. The total payment for any accident will not be more than the full amount of the AD&D insurance. Proceeds for loss of life are payable to the beneficiary(ies). Proceeds for other losses are payable to the insured member, if living, otherwise, to the beneficiary(ies). The AD&D insurance benefit is payable in addition to any other insurance, including any life insurance benefit payable under the Plan, until the benefit terminates at age 75. The exclusions listed on this web site apply.
Beneficiary
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 as an alternate method of payment, a periodic income may be elected, with equal monthly installments of all or part of the proceeds (with interest) paid over a fixed period of time. Several other modes of settlement also are available. One of these may be selected by mutual agreement with Prudential.
To change your beneficiary(ies), or change your legal name, please use the Change of Name/Beneficiary Form.
To assign your current policy, please use the Assignment Form.
Underwritten by The
Prudential Insurance Company of America.
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