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Looking for lower life insurance rates?

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 30%¬–52% 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 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! 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 20-year period.

Preferred Rates

For CPA and Spouse Life, Preferred rates are 19% - 66% lower than Standard and Select rates, and for GVUL the savings is up to 73% off your current cost of coverage. To qualify for Preferred rates under CPA and Spouse Life, members and their spouses must be age 50-74, and for GVUL coverage members must be age 45-74. To qualify for Preferred rates, a brief in-home or in-office medical exam, questionnaire, and a minimum of $250,000 in coverage is required. Once approved, your Preferred status is good for 20 years! 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 20-year period.

If for any reason you aren’t approved, your insurance coverage won’t be terminated or decreased. You’ll simply pay the same rate you are paying now, for the same coverage. And if your health improves, you can reapply for a lower rate at any time. Annual Cash Refunds may lower your costs even further. The money not used for claims, expenses, and other charges is distributed back to the Plan’s participants as an Annual Cash Refund. These refunds vary year to year, and while not guaranteed, Plan participants have received Annual Cash Refunds from the AICPA Insurance Trust every year, without fail, since each Life Insurance Plan’s inception.

Ready to start saving? You can apply for reduced rates starting in May of the year in which you or your spouse turns 45 or 50. To learn more, visit cpai.com/save.

 

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. (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.

Group Insurance coverage is issued by The Prudential Insurance Company of America, a Prudential Financial company, Newark, NJ. The Booklet-Certificate contains all details, including any policy exclusions, limitations, and restrictions, which may apply. Contract Series: 83500. CA COA# 1179, NAIC 68241.

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