Spouse Life Insurance Plan
Rates & Coverage Amounts
The Spouse Life Insurance Plan offers up to $2.5 million of coverage for most ages. The amount of Spouse coverage cannot exceed the maximum amount you are eligible for under CPA Life, GVUL or LPT Plans, or the maximum amount available for your spouse's age.
There are three different rate classes-Standard, Select and Preferred. If you apply for coverage before your spouse turns age 45 you will pay the Standard rates throughout the duration of coverage unless you choose to apply for Select Status rates once your spouse reaches age 45, or Preferred rates when your spouse reaches age 50. All new applicants whose spouses are age 45+ will receive select or preferred rates upon approval of coverage. There is no risk to apply-if you are a current participant and not approved for either Select or Preferred Status, you will continue to pay your current rate.
Please note: Preferred rates will be effective as of October 1, 2013.
Make sure you are getting the most of your membership and getting the best rate available.
Click here to view our new video which will help guide you through the different rating classes, ways to decrease your cost of insurance and more!
Costs and amounts available are based on your spouse's age as of each October 1. Spouse Life Insurance reduces when your spouse reaches age 75 to 50% of the previous amount or $500,000, whichever is less. Accidental Death and Dismemberment (AD&D) terminates at age 75; Term life at age 80. Rates may change as your spouse enters a higher age category and may be changed on a class-wide basis only.
Spouse coverage cannot exceed the maximum amount you -the CPA -is eligible for under CPA Life or other member Life Insurance, or the maximum amount available for your spouse's age.