If you already have AICPA’s exclusive CPA Life, Spouse Life, and Group Variable Universal Life (GVUL) Insurance Plans issued by The Prudential Insurance Company of America, good for you.
You’re already well aware of the benefits that Life Insurance offers you and your family. Continue reading to learn how you may be able to reduce your costs even further just by applying for a simple change in status.
Select Status
Select rates could save you up to 67% off your current cost of CPA and Spouse Life Insurance coverage. For GVUL, you could save up to 66% off your current cost of coverage. These lower rates are available to AICPA and State Society of CPA members and their spouses, who are age 45-74 (GVUL—available to members only) and ages 18-74 (CPA Life/Spouse), and in good health when approved for coverage. In most cases, no medical exam is required. Once approved, your Select status is good for 20 years (GVUL) or 10 years (CPA/Spouse Life)! You’ll continue to pay Select rates until age 80, as long as you and your spouse provide satisfactory evidence of good health at the end of each period.
Preferred Rates
For CPA and Spouse Life, Preferred rates are up to 80% lower than Standard and Select rates, and for GVUL the savings is up to 73% off your current cost of coverage if you have Standard or Select rates. To qualify for Preferred rates under CPA and Spouse Life, members and their spouses must be age 40-74, and for GVUL coverage members must be age 45-74. To qualify for Preferred rates, a questionnaire is required and for ages 45+, a brief in-home or in-office medical exam is required. For CPA Life and Spouse Life, a minimum of $300,000 (ages 40-69) and $250,000 (ages 70-74) in coverage is required. For GVUL coverage, a minimum amount of $250,000 is required. Once approved, your Preferred status is good for 20 years (GVUL—available to members only) or 10 years (CPA Life/Spouse)! You’ll continue to pay Preferred rates until age 80, as long as you and your spouse provide satisfactory evidence of excellent health at the end of each period.
If for any reason you or your spouse aren’t approved, your insurance coverage won’t be terminated or decreased. You’ll simply pay the same rate you or your spouse are paying now. And if your health improves, you can reapply for a lower rate at any time. Annual Cash Refunds may help lower your cost of insurance. The AICPA Insurance Trust (Trust) reviews a number of factors in determining the amount, if any, of Annual Cash Refunds, such as premiums, claims, expenses, and other charges. These refunds vary year to year and are not guaranteed. The Trust has paid Annual Cash Refunds every year since each Life Insurance Plan’s inception. However, the Trust may suspend the distribution of Annual Cash Refunds at any time. These refunds could vary based on the premium you pay, and when premiums are lowered, refunds may decrease as well.
Ready to start saving? You and your spouse can apply for lower rates. To learn more, visit cpai.com/save.
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For GVUL: The information within this material reflects Plan details for certificates issued on or after September 1, 2022. If your certificate was issued prior to this date please refer to your Prospectus at www.cpai.com/gvul and certificate booklet for more details.
For CPA and Spouse Life: If your coverage was issued prior to November 1, 2022, some of your current Plan details will differ and may be impacted if you apply to make changes. For example, certain impacted details could include but are not limited to rates, rate classes, and rate class expiration. Refer to your Certificate of Coverage and policy booklet and or contact Aon for Plan details.
This site may contain marketing language, on products issued by The Prudential Insurance Company of America, that has not yet been approved in all states.
This material is for informational or educational purposes. In providing this material, Prudential (i) is not acting as your fiduciary as defined by the Department of Labor and is not giving advice in a fiduciary capacity and (ii) is not undertaking to provide impartial investment advice as Prudential will receive compensation for its products and services.
You should consider the coverage and the underlying funds’ investment objectives, risks, charges and expenses carefully before investing. Both the GVUL prospectus and the underlying fund prospectuses contain this and other important information. Visit cpai.com/gvul for the prospectuses. You should read them carefully before purchasing coverage.
Aon Insurance Services is the brand name for the brokerage and program administration operations of Affinity Insurance Services, Inc., a licensed producer in all states (TX 13695); (AR 100106022); in CA & MN, AIS Affinity Insurance Agency, Inc. (CA 0795465); in OK, AIS Affinity Insurance Services Inc.; in CA, Aon Affinity Insurance Services, Inc., (CA 0G94493), Aon Direct Insurance Administrators and Berkely Insurance Agency and in NY, AIS Affinity Insurance Agency. Securities offered through Aon Securities LLC, Member FINRA/SIPC, 1100 Virginia Drive, Suite 250, Fort Washington, PA 19034-3278, 1-800-223-7473. The Plan Agent of the AICPA Insurance Trust is Aon Insurance Services. Aon Securities LLC and Aon Insurance Services are not affiliated with either Prudential or PIMS.
Group Insurance coverages and Group Variable Universal Life (GVUL) coverage are issued by The Prudential Insurance Company of America; and, GVUL is distributed through Prudential Investment Management Services, LLC. Both are Prudential Financial companies, Newark, NJ. The Booklet-Certificate contains all details, including any policy exclusions, limitations, and restrictions, which may apply. Contract Series 83500 & 89759. CA COA# 1179, NAIC #68241.
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