CPA Spouse Life Insurance
Eligibility, Coverage, and Costs
Who is Eligible to Request Coverage?
Any member of the AICPA or a State Society of CPAs (or other qualifying organization) and less than age 75 may request coverage for an eligible spouse. The spouse must be less than age 75, legally married to the member and, at the time coverage begins, living in the United States or eligible territories. Coverage is issued by The Prudential Insurance Company of America.
If a husband and wife are both participants in either the CPA Life or Group Variable Universal Life Plans, neither may request spouse coverage. Spouse coverage is available only for a spouse not eligible for coverage as a Plan participant.
Coverage Amounts Available
Select the Amount of Spouse Life Insurance from the scheduled amounts available. Please note that the amount requested must be a scheduled amount and cannot exceed the amount you are eligible for under the CPA Life or GVUL insurance plans or the amount available for your spouse's age. Available with term life coverage is an equal amount of accidental death and dismemberment insurance.
Same Economical Rates Plus Cash Refunds, If Earned
You'll be pleased to know that the same competitive rate structure applies to both spouse coverage and your own coverage.
What's more, the rate for Spouse Life Insurance is based on your spouse's age, not your own. And gross rates don't reflect annual cash refunds, which make your cost of insurance even lower.
Cash Refunds are paid by the Trust from premium refunds received from Prudential. While never guaranteed, cash refunds have been paid to Spouse Life participants every year since the program was introduced in 1987.
The CPA Spouse Life Plan is underwritten 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.
Group Variable Universal Life Insurance (Contract Series 89759) is issued by The Prudential Insurance Company of America (Prudential), 751 Broad Street, Newark, NJ 07102-3177 and is distributed by Prudential Investment Management Services LLC (PIMS), Three Gateway Center, 14th Floor, Newark, NJ 07102-4077, each being a Prudential Financial Company. GVUL is offered and administered by Aon Benfield Securities, Inc., Member FINRA/SIPC, 159 E.County Line Road, Hatboro, PA. 19040-1218, 1-800-223-7473. The 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.
You should consider the contract and the underlying funds' investment objectives, risks, charges and expenses carefully before investing. Both the contract prospectus and the underlying fund prospectuses contain this and other important information. Contact Aon Benfield Securities, Inc. for the prospectuses. You should read them carefully before purchasing a contract.
| Insurer Issued Codes | |
| California COA #1179 | NAIC # 68241 |
| IFS- A122792 | 0158965-00001-00 Ed 8/2009 |
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