Spouse Life Insurance



Frequently Asked Questions



Q. Who is eligible for coverage?

A. Your Spouse is eligible if he/she is:
Under the age of 75
Legally married to a member of the AICPA and/or a State Society of CPAs (or other qualifying organization)
Living in the United States or eligible territory at the time coverage begins
Not eligible for coverage under the CPA Life or Group Variable Universal Life Plan.

Q. How much coverage can I apply for?
A. The amount of Spouse coverage 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.

Q. Is cost based upon the spouse's age?
A. Yes: View rates.

Q. What is Select Status?
A. Select Status offers lower gross contribution rates and net costs for participants who submit evidence of good health. If approved, gross premium rates are lowered for a fifteen-year period, but not beyond age 79. Select Status can be continued at the end of each fifteen-year period with submission and approval of updated medical evidence satisfactory to Prudential. If you are not approved for Select Status, coverage will be continued, however it will be at the standard rate.

Q. Who is eligible for Select Status Participation?
A. Select Status is available to Spouse Plan Participants whose spouse is age 45-79.

Q. Is the Spouse Life Insurance coverage also eligible for annual refunds?
A. Yes, however, refunds are never guaranteed.

Q. Can I maintain the Spouse coverage if I cancel my AICPA and State Society memberships?
A. No, coverage will terminate if you, the CPA, are no longer a member of either the AICPA, a State Society of CPAs, or another qualified organization.

Q. Is there an automatic reduction in Spouse Coverage?
A. Yes, on the October 1 on or after your spouse's attainment of age 75, the Spouse term life coverage will reduce to an amount equal to the lesser of 50% of the previous in force amount or $500,000.

Q. Can Spouse coverage be kept when I am terminated for attainment of age 80?
A. Yes, once your coverage is terminated, the Spouse coverage may remain in force until the spouse reaches age 80.

Q. Can the Spouse Life Insurance coverage be assigned?
A. Yes, Complete an Assignment Form.

Q. Is a medical examination required to receive the coverage?
A. It is expected that most members will be accepted for coverage on the basis of their spouse's answers to health questions and without further medical evidence. Members not so accepted may, at their option, furnish additional medical evidence.

Note: These frequently asked questions are for illustrative purposes only and are not a contract. It is intended to provide a general overview of the certificate described. Please remember that only the insurance certificate can give actual terms, coverages, amounts, conditions and exclusions.


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