CPA Spouse Life Insurance
Select Status
Lower Select Status rates are available on eligible spouses ages 45-79, as of the October 1 Plan entrance date, and are obtained by submitting medical evidence of good health. By applying for Select Status now, you can save 25% to 50% on the cost of spouse life insurance coverage.
You may continue your Select Status participation at the end of each ten-year period with submission and approval of updated spouse medical evidence. If your request for continued Select Status is not approved, your coverage will not be decreased or terminated. You will simply be billed for coverage at standard Plan rates. The table below shows the current gross monthly costs per $10,000 of life coverage.
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Gross Monthly Cost per $10,000 of Coverage
Assumes Female Spouse with AD&D Coverage |
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Age
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Standard Rate*
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Select Status Rate*
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Percentage Saved
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45-49
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$1.70
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$1.00
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41%
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50-54
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$3.20
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$1.70
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47%
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55-59
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$5.90
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$3.20
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46%
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60-64
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$9.10
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$5.10
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44%
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65-69
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$16.00
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$9.00
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44%
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70-74
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$32.00
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$18.00
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44%
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75-79
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$53.60**
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$40.00**
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25%
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* Includes optional AD&D available to insureds under age 65 and insureds ages 65-74 at a monthly cost of $0.20 and $0.30 per $10,000 respectively.
** AD&D terminates at age 75.
Your rate will change as your Spouse enters a higher age category or because the rate was changed for your Spouse's class.
Please have your account number ready to complete the online application.
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