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Long Term Disability​​​​​​​

You could be instantly approved for AICPA-endorsed Long Term Disability coverage that can help protect your paycheck and your financial future.1

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800.223.7473

What is Long Term Disability Insurance?

Long Term Disability Insurance (LTD), issued by The Prudential Insurance Company of America (Prudential), helps protect your paycheck by providing assistance with expenses like: medical bills, child care and other expenses following an injury or illness that prevents you from working. 

This member-exclusive insurance solution may help bridge the gap between coverages. While some businesses cover employees for sick time or short term disability, and some provide basic long-term disability coverage, most American workers aren’t prepared for a long term or permanent disability. 2

Professional male CPA working from his home office Professional male CPA working from his home office

Why CPAs need it?

Often, employer plans cover a limited portion of your salary and may stop if you change jobs. Make sure you have enough coverage to help pay your current bills—plus any extra expenses—if you should become disabled and are unable to work. 


AICPA-endorsed LTD coverage is flexible, affordable, and there are no offsets to your LTD benefits from other benefits you may be receiving. There are no agent commissions and coverage is yours until age 70, as long as you maintain your membership. 

 

of members surveyed recommend the AICPA CPA Life Plan
72%

of Americans would find it difficult to meet their current financial obligations if their next paycheck were delayed for one week.3

What it covers

Long Term Disability Plan Features:

  • Monthly coverage amounts up to $12,000 for AICPA members; up to $3,000 for State Society-only members.

  • Choice of a 13-week or 26-week waiting period.

  • “Your Occupation” definition of disability.

  • Income Tax-free benefits.4

  • Benefits up to 5 years for mental illness disabilities.

  • Rehabilitation program.

  • Annual Cash Refunds may help lower your cost of insurance.5

  • Coverage that is yours regardless of where you work, as long as you maintain your membership.

  • The Total and Partial Disability Option lets you continue working while collecting benefits if you become disabled and have a 20% or more loss of monthly earnings.

What it costs

With AICPA-endorsed LTD you enjoy competitive group-negotiated rates that fit your budget. The waiting period and Plan option you elect, along with your age, will determine your rate. A 13-week waiting period lets benefits begin sooner while a 26‑week period carries lower rates. In either case, benefits begin when your waiting period ends, if you are approved for coverage. If you elect a coverage amount over $5,000 your Total Monthly Disability Benefit cannot exceed 65% of your monthly earnings. AICPA members are eligible for up to $12,000 in monthly benefits - $5,000 without proof of earnings. If you go out on claim and are working part-time, then you will need to verify your earnings.
Young male professional CPA on a call with a client while working from home Young male professional CPA on a call with a client while working from home
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Why CPAs choose AICPA-endorsed Long Term Disability

  • Customized to meet CPAs’ needs, including higher benefit amounts up to $12,000 per month not commonly found in employer or government sponsored plans. 

  • “Your Occupation” definition of disability pays benefits if you’re disabled and can’t perform the duties of your job, meaning you won't be forced into another line of work. 

  • Flexible options you can change at any time to meet your changing life. 

  • Coverage stays with you even if you change jobs, as long as you remain a member.

  • Easy, online application process. 

  • We are available to help you with any questions. 800.223.7473 

Who is eligible for Long Term Disability?

You’re eligible to apply if you’re under age 65, a member of the AICPA, a State Society of CPAs, or other qualifying organization. You must be living in eligible US states or territories. 

You can keep your coverage as long as you maintain your membership in the AICPA, a State Society of CPAs, or other qualifying organization.

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 over the past 145 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
It’s often difficult to qualify for Social Security Disability coverage. Even if you do, you’ll have to wait six months before you can receive benefits. You must also prove to the Social Security Administration (SSA) that your disability prevents you from working in any profession, not just as a CPA. Plus, the SSA only covers disabilities that are expected to last 12 months or longer or end in death. And such benefits are subject to federal income tax. 
Yes, if approved for coverage you will. You’ll not only be covered for disabilities from sickness or an injury at home, but also while you’re traveling – and at any time.
If you are receiving benefits for a disability while covered under the Plan and recover, and then become disabled for the same or related condition within six months of returning back to work full-time, you would not need to satisfy another waiting period. 
However, if you return to work for more than six months or become disabled for another unrelated condition, you would need to satisfy another waiting period. 
Coverage terminates at age 70, unless you’re already receiving claim benefits. Other reasons why your coverage could end:
  • You’re no longer a member of the AICPA or any State Society of CPAs
  • The master policy terminates
  • You withdraw from the Plan voluntarily
  • You don’t pay for your coverage
You will receive benefits until your disability ends if you’re totally disabled before age 50; up to age 67 if you’re totally disabled at age 50-64; up to two years if you’re totally disabled at age 65-69.6
These definitions are important to understanding your coverage.

For the Total Disability Income Option:
"Monthly earnings" means the greater of (1) or (2) where:
(1) Equals 1/12 of the average of your salary and net earned income from self-employment and trade or business activities as reported to the Internal Revenue Service (IRS) for income tax purposes for the two calendar years before the calendar year the request is made, and
(2) Equals 1/12 of your annual salary rate in effect on the date of the request; or if the preceding item (2) can’t be determined, 1/12 of your actual earnings for the 12 calendar months immediately before the request; or if this can’t be determined, your actual earnings for the calendar month before the request. Salary will be based on your earnings from your employer(s), to include bonus and commissions, but excludes overtime pay, for a normal work week not exceeding 40 hours. Monthly earnings will be satisfied at the time of application, at each renewal date, and at the time of claim.

For the Total + Partial Disability Income Option:
"Monthly earnings" means the average gross monthly income as reported on your federal income tax returns for the two calendar years immediately preceding your date of disability after deduction of normal business expenses and losses. "Monthly earnings" also includes salary, profits, fees, commissions, bonuses, and other compensation you received for professional and other services. "Monthly earnings" does not include investment returns, rent, royalties, and similar types of income not produced as a result of your occupation.
With the Total Disability Income Plan Option, you must be unable to perform all material and substantial duties normally required in your occupation. You must also be under the regular care of a doctor and not working at any job for wage or profit.
 
With the Total + Partial Disability Income Plan Option, you must be unable to perform the material and substantial duties of your occupation, have a 20% or more loss in your monthly earnings, and be under the regular care of a doctor.

Resources that might help you

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Disclaimer

Please see the Exclusions and Provisions.

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

  1.  In certain circumstances, additional information may be needed.
  2. www.disabilitycanhappen.org 
  3. American Payroll Association, “Getting Paid in America” Survey, 2022.
  4. Under current Federal Income Tax laws, the monthly benefit is generally free from income tax (IRC Section 104) if the premiums are paid by you with after tax dollars. Income from some employer-provided plans is fully taxable.
  5. 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 1984 for each Disability Insurance Plan. 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.
  6. The information within this material reflects the maximum duration of disability for insureds who become disabled on or after January 1, 2015.


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.

This policy provides disability income insurance only. It does NOT provide basic hospital, basic medical, or major medical insurance as defined by the New York Department of Financial Services

North Carolina Residents: THIS IS NOT A MEDICARE SUPPLEMENT PLAN. If you are eligible for Medicare, review the Guide to Health Insurance for People with Medicare, which is available from the company.

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. The Plan Agent of the AICPA Insurance Trust, Aon Insurance Services, is not affiliated with Prudential.

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.

1043304-00003-00

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