Group Life for Smaller Firms

It is an easy three-step process. First, you will apply online by selecting your coverage options and uploading or entering your employee roster on the website. Second, we will reach out to your employees by email to apply for underwriting. Third, we will keep you informed of underwriting status. Employees will be covered either the first day of the current or next month depending on when they are approved.

Yes. Our online Account Management Portal (AMP) makes it easy to add or remove employees each month.

While you can apply for the standard Group Insurance Plan, the Group Elite Life Plan is designed for larger firms with 25 or more eligible lives.  Medical Underwriting isn't required and risk is spread over more employees, helping lower the rates and manage your benefit costs.

You can select the option to make coverage available to the eligible individuals on an immediate basis (starting date) or after completing six months of continuous service. The option for waiting periods for new firm personnel is elected when the firm sets up the Plan.

 

Eligible dependents in most cases include the spouse and children of individuals who are insured under the Plan. Included are legally adopted children and stepchildren who are dependent on insured members for support and maintenance, provided in the case of the stepchildren, that a biological parent has given written consent for the coverage. Children must be unmarried and less than age 25. Dependents may not be on active duty in the armed forces. Firm personnel covered under the Plan cannot also be covered as dependents.

Continued Coverage for an Incapacitated Child: This applies to the Dependent Coverage you have for a child. The insurance for the child will not end on the date/the age limit in the definition of Qualified Dependent is reached if both the following conditions are true: (1) The child is then mentally or physically incapable of earning a living. Prudential must receive proof of this within 31 days; (2) The child otherwise meets the definition of Qualified Dependent. If these conditions are met, the age limit will not cause the child to stop being a Qualified Dependent under that Coverage. This will apply as long as the child remains incapacitated.

Yes. Under the Group Insurance Plan, firms can choose from insurance coverage maximums of $500,000,
$400,000, $300,000, $200,000, $100,000 or $50,000. Employee coverage is based on annual earnings. For your firm's coverage basis, a choice of insurance protection from one to three times salary is available depending on the maximum coverage amount elected. Coverage for employees is not to exceed your firm's selected coverage maximum, less any age related reductions. Proprietors and partners under the age of 65 may be covered for the schedule maximum without regard to earnings.

If an individual covered under the Group Insurance Plan becomes totally disabled before the age of 60, the individual's Life Insurance will be extended and premiums waived while that individual remains totally disabled. As long as the disability remains, and proof of disability is furnished from time to time, the death benefit protection will be extended from year to year and premiums waived.

Insured individuals qualify to have their Life Insurance extended and premiums waived if they become totally disabled prior to age 60. Total Disability means that (1) insured individual is not working at any job for wage or profit; and (2) due to sickness or injury, or both, is not able to perform for wage or profit, the material and substantial duties of any job for which they are reasonably fitted by their education, training or experience.

Please see the Exclusions and Provisions.

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

*For Group Life for Smaller Firms: All firms are eligible for the Group Insurance Plan (GIP) but this Plan is designed with small firms in mind.
 
**GuideSpark, Financial Wellness Research, 2016.
 
***The money not used for claims, expenses and other charges is distributed back to the Firm as an Annual Cash Refund. The refunds vary year to year, and while not guaranteed, Firms under AICPA Group Insurance Trust have received Annual Cash Refunds from the Trust, for over 50 years without fail.

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.

The products issued by The Prudential Insurance Company of America may not be available in all states.

This policy provides ACCIDENT insurance only.  It does NOT provide basic hospital, basic medical, or major medical insurance as defined by the New York State Department of Financial Services.
 
IMPORTANT NOTICE – THIS POLICY DOES NOT PROVIDE COVERAGE FOR SICKNESS.

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 coverages are 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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