Insurance Programs


Have a question regarding your 2010 Annual Refund?
Check out the answers to our Frequently Asked Questions.



Q. What is my refund amount based on?
A. The refund amount listed is based on your insurance contribution in the Plan for the specified policy year noted on the K-1 statement. In order to receive a refund for the Plan, you must be a Participant through the end of the specified policy year.



Q. How does the Advance Refund Credit impact my taxable income amount?
A. Contribution amounts for the October 1st renewal notice for the current plan year (2009-2010), were reduced by 10% for CPA and Spouse Life renewal Participants with annual or semi-annual payment modes. This Premium Credit was based on a decision made by the AICPA Life Insurance/Disability Plans Committee in an effort to help Trust subscribers pay their contribution during difficult economic times.

As reflected in your K-1 statement, the Advance Refund Credit is included in the taxable income calculation.



Q. Why are my contributions different from what is reflected in my annual refund?
A. The refund amount is based on coverage in force throughout the specified plan year.



Q. Why is my refund percentage different from what is presented in the committee report?
A. The committee report reflects a base percent and does not include optional coverages. Your refund could be different due to rate class status or payment mode. The following could impact your refund percentage:

  • Refund percentages are decreased by 2% for the Semi-Annual payment basis and by 4% for the Monthly payment basis, or if contribution payments are not remitted timely.

  • Monthly refund percentages are applicable to Participants in the GVUL Plan.


Q. I misplaced my K-1 and/or lost my annual refund check, how do I request a replacement?
A. You can request a replacement of your refund and/or K-1 by a written request to Aon Insurance Services, 159 E. County Line Road, Hatboro, PA 19040 or by calling Aon at 1-800-223-7473.



Q. Why did I not receive an actual, live refund check?
A. If your method of payment is Electronic Funds Transfer (EFT); your annual refund has been directly deposited into your bank account on file. This deposit is reflected by the advice in your annual refund package. If you are a GVUL Participant, your annual refund has been credited to your Certificate Fund by a Dividend Reinvestment transaction. A GVUL transaction confirmation will be sent under a separate cover.



Q. Why am I receiving a K-1 form?
A. The AICPA Insurance Plan contribution payments are held in the AICPA Insurance Trust. Earnings by the Trust are redistributed back to the members of the Trust as part of the Annual Refund. The K-1 statement specifies your portion of the taxable interest earned as part of the AICPA Insurance Trust.



Q. When and how can I change my billing cycle to be billed Monthly, Semi-Annually, or Annually?
A. You may request a billing cycle change at renewal time. Monthly payment modes must be paid through Electronic Funds Transfer (EFT) only. Semi-Annual or Annual modes can be either direct bill or EFT. If you prefer EFT, please include a voided blank personal check with your written request. Monthly mode is not available for the Long Term Disability Income Plan.



Q. How can I make changes such as removing or adding the AD&D option, Dependent Child Coverage or removing Waiver of Contribution (WOC)?
A. You can make coverage changes at any time throughout the year. All changes must be submitted in writing. Important-- include your name, telephone number, account number, specific change and owner signature. Send or Fax your written request to:

Aon Insurance Services
AICPA Insurance Trust
159 E County Line Road • Hatboro PA 19040
Fax #1-800-242-7248



Please note: To add WOC or increase coverage, you must submit your request through the application process. Apply online or call 1-800-223-7473 to request an application.

*Dependent Child Coverage is $3.00 in Texas.

For GVUL, you should consider the contract and the underlying funds' investment objectives, risks, charges and expenses carefully before investing. Both the contract prospectus and fund prospectuses contain this and other important information. You may contact Aon Benfield Securities, Inc. for the prospectuses. You should read them carefully before purchasing the coverage.

Group Variable Universal Life Insurance (contract series 89759) is issued by The Prudential Insurance Company of America, 751 Broad Street, Newark, NJ 07102 and is distributed by Prudential Investment Management Services LLC (PIMS), Three Gateway Center, 14th Floor, Newark, NJ 07102. GVUL is administered and offered through Aon Benfield Securities, Inc. Member FINRA/SIPC, 159 East County Line Road, Hatboro, PA 19040-1218. 1-800-223-7473. The Plan Administrator/Plan Agent of the AICPA Insurance Trust is Aon Insurance Services. Aon Benfield Securities, Inc. and Aon Insurance Services are not affiliated with either Prudential or PIMS.

Coverage under the Group Life, Long Term Disability and Long Term Care Plans are issued by The Prudential Insurance Company of America, 751 Broad Street, Newark, NJ 07102. Contract series 83500.

Insurer Issued Codes:
California COA #1179 NAIC #68241
IFS-A161162 0171082-00001-00 2/10 Ed