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Group Variable Universal Life (GVUL) Insurance

Discover a Life Insurance Plan that provides a tax-deferred opportunity to build cash value. If your contributions to this Plan exceed certain IRS limits, your certificate may become a Modified Endowment Contract (MEC). In this case, less favorable tax rules, and in some cases, penalties apply for lifetime distributions such as loans or withdrawals. There may be tax consequences. You may wish to consult a professional for tax advice. Policy values will fluctuate and are subject to market risk and to possible loss of principal.

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800.223.7473

What is GVUL?

GVUL is a life insurance contract with tax-deferred investment options and a fixed account. Fixed-account guarantee is based on the claims-paying ability of the issuing company. Policy values will fluctuate and are subject to market risk and to possible loss of principal. It can give your money the potential to grow, offering access to your funds if you need help managing expenses while still protecting what you already have.

You can get up to $2.5 million in GVUL coverage, depending on your age and memberships, and coverage is issued by The Prudential Insurance Company of America.

Man with family. Man with family.

Why do CPAs need it?

GVUL combines the protection of Life Insurance with a fixed account and a choice of multiple investment options. You get to decide when you want to take withdrawals and loans, and you can use your money for whatever you wish (college tuition, down payments, etc.) Withdrawals from your account are tax-deferred, as long as the amount of the withdrawal is less than your total premium contributions, net of any refunds.

Most importantly, knowing that you have coverage in place to help protect your family's lifestyle and financial goals should the unexpected happen could bring you added peace of mind.

Estimate how much GVUL coverage you may need in just a few minutes.

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61% of people without life insurance say they need it—and of those who do have it, 22% say they don't have enough.1

GVUL Features

Up to $2.5 million in Term Life Insurance
Up to $2.5 million in Term Life Insurance

Multiple coverage amounts are available up to $2.5 million at competitive group-negotiated rates.

Up to $2.5 million in coverage Up to $2.5 million in coverage
Coverage up to age 100
Coverage up to age 100

Keep your coverage up to age 100, even if you change jobs or retire—as long as you maintain your membership.

Tax benefits
Tax benefits

Under current Federal Income Tax rules, the death benefit is generally free from income tax (IRC Section 101(a)). The Plan also offers a variety of tax-deferred investment funds, and includes a fixed account option.

Flexible borrowing options
Flexible borrowing options

Flexible withdrawals and loans that you can use however you like.

No sales load or surrender charges
No sales load or surrender charges

No sales load or surrender charge fees commonly found in other plans.

You should read the GVUL prospectus carefully before purchasing coverage.

Opportunity for tax-deferred growth
Opportunity for tax-deferred growth

A variety of optional tax-deferred investment options and a fixed rate account.

Coverage Options & Benefits

Optional Dependent Child Coverage
Optional Dependent Child Coverage

For $6 a year, you can insure all your eligible dependent children with $10,000 of Term Life Insurance.

Accelerated Death Benefit Option for Terminal Illnesses
Accelerated Death Benefit Option for Terminal Illnesses

At no cost to you, this option allows participants who become terminally ill to get a portion of their Life Insurance benefit in one lump sum. Your death benefit will be reduced by the amount you receive. You can receive a portion that does not exceed 75% of your Life Insurance amount or $1 million, whichever is less.

Opportunity for Annual Cash Refunds
Opportunity for Annual Cash Refunds

Annual Cash Refunds may help lower your cost of insurance. The Annual Cash Refund distribution percentages are based on the participant’s age, rate class, and any other refund enhancements they are eligible for. 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 a number of factors, such as your rate class, payment mode, engagement in certain wellness programs, and the premium you pay. Please note, when premiums are lowered, refunds may decrease as well.

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What it costs

When you apply for coverage, you will get the best rate possible based on your age and health status.
 
Standard rates are only available to members who apply before age 45.
 
Select rates for members ages 45-75 in good health: Just answer a few health questions to apply.
 
Preferred rates for members ages 45-75 in excellent health: A short health questionnaire, medical exam, and a minimum of $250,000 in coverage are needed to get lower Preferred rates.
 
For more information on rates for ages 76+, please contact Aon at 800.223.7473.
 
The Plan offers Annual Cash Refunds, which may help lower your cost of insurance.

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Couple looking happy. Couple looking happy.

Who is eligible for GVUL?

You’re eligible to apply if you’re under age 76, a member of the AICPA, a State Society of CPAs, or other qualifying organization. You must be living in eligible US states or territories.

To keep your coverage, you must maintain your membership(s).

Family sitting together. Family sitting together.

About the Underwriter

The Prudential Insurance Company of America (Prudential) has been an insurance coverage provider to the AICPA and its members since 1947. Prudential is more than an insurance provider to the AICPA and its members.  We partner with the AICPA to understand its members’ needs and endeavor to ensure that its members and their families achieve financial wellness.  AICPA members’ needs are at the heart of everything we do. When the AICPA decided to partner with Prudential, they joined forces with a company that has helped customers weather wars, the Depression, pandemics, and many other challenging events for more than 150 years. Prudential is here to help you solve today’s challenges and support you in whatever lies ahead. 
About the Underwriter About the Underwriter
Frequently Asked Questions

CPA Life participants under age 45 who want the same coverage amount just need to complete an enrollment form. You don’t need a medical questionnaire and underwriting approval. Participants ages 45 to 75 who want the same coverage amount under the GVUL Plan need to complete an enrollment form and medical questionnaire and pass underwriting requirements. Accidental Death & Dismemberment coverage and Disability Waiver of Cost of Insurance Charges (Disability Waver) options are currently transferable.

Cpai.com/gvul-forms will bring you to application tools and policy administration forms which will help you manage your Group Variable Universal Life policy and investment options. You can bookmark this page for handy reference.

You can combine coverage up to the maximum amount available for your age and membership(s).

Please call us at 800.223.7473 to request information on how to increase your coverage or apply for Select or Preferred rates. Standard rates are only available to members under age 45.

You can change your coverage at any time through our Account Management Portal or call us at 800.223.7473. Changes made on the payment coupon will not be processed.

Resources that might help you

CPAs like you purchased:

Disclaimer

 

1 https://lifehappens.org/research/they-dont-understand-life-insurance-and-overestimate-its-cost/

1 https://news.prudential.com/latest-news/feature-stories/feature-stories-details/2024/Lets-talk-about-life-insurance/default.aspx

Please read the GVUL prospectus carefully:

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 and certificate booklet for more details

Please see the Exclusions and Provisions.

Please see the Group Life and Disability Income Medical Underwriting NOTICE.

Products issued by the Prudential Insurance Company of America may not be available in every state.
 
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.
 
Not for use in New Mexico.
 
Not for residents of New Mexico.
 
Accelerated Death Benefit Option for Terminal Illness is a feature that is made available to group life insurance participants. It is not a health, nursing home, or long-term care insurance benefit and is not designed to eliminate the need for those types of insurance coverage. The death benefit is reduced by the amount of the accelerated death benefit paid. There is no administrative fee to accelerate benefits. Receipt of accelerated death benefits may affect eligibility for public assistance and may be taxable. The federal income tax treatment of payments made under this rider depends upon whether the insured is the recipient of the benefits and is considered “terminally ill.” You may wish to seek professional tax advice before exercising this option.


 
These materials are for informational or educational purposes. In providing these materials, Prudential (i) is not acting as your fiduciary as defined by the Employee Retirement Income Security Act of 1974, as amended, and the guidance and regulations issued 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 services/products.
 
You should consider the coverage and the underlying funds’ investment objectives, risks, charges, and expenses carefully before investing. Both the GVUL insurance prospectus and the underlying fund prospectuses contain this and other important information. 

 
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. 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 coverage are issued by The Prudential Insurance Company of America. Group Variable Universal Life coverage is distributed through Prudential Investment Management Services LLC (“PIMS”). Both are Prudential Financial companies, Newark, NJ. The Booklet Certificate contains all details, including any policy exclusions, limitations, and restrictions, which may apply. CA COA #1179, NAIC #68241. Contract Series: 83500 and 89759.
 
1043670-00007-00

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Fort Washington, PA 19034

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