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 Standard rates throughout the duration of coverage unless you choose to apply for Select 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.
Make sure you are getting the most of your membership and getting the best rate available.
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View the life insurance coverage amounts and rates available for each age group.
|Ages 18-44||Ages 45-74|
|Standard||Available to members who apply before age 45.||Approval is based on your answers to the Health Questionnaire. In most cases no medical exam is required.|
|Select||Available to members age 45-79. Please note: Requests for new or increased coverage are only accepted up to age 74.||Approval is based on your answers to the Health Questionnaire. In most cases no medical exam is required. Satisfactory evidence of good health is required every 15 years after the initial approval.||Rates are 25-50% lower than Standard rates Click here to see Select rates.|
|Preferred||Available to members age 50-79 who maintain a minimum of $250,000 in coverage. Please note: Requests for new or increased coverage are only accepted up to age 74.||Approval is based on your answers to the Health Questionnaire and the results of a brief in-home or in-office medical exam. Certain avocations such as your driving record and tobacco use are also factors. Satisfactory evidence of excellent health is required every 20 years after the initial approval.||Rates are 52-65% lower than Standard rates. Click here to see Preferred rates.|
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.