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AICPA Group Insurance Trust Refund

Business Insurance, AICPA Group Insurance Trust Refund

The AICPA-endorsed Group Insurance Program provides Life and Long Term Disability solutions for your Firm. All Group Plans offer competitive pricing and the opportunity for Cash Refunds.

The money not used for claims, expenses and other charges is distributed back to the Firm as a Cash Refund. The refunds vary year to year, and while not guaranteed, Firms under AICPA Group Insurance Trust have received Cash Refunds from the Trust, for over 50 years without fail. 


Cash Refund distribution percentages are based on the Group Insurance Plan your Firm is enrolled in, whether the Firm has elected dependents coverage, and any refund enhancement the Firm is eligible for. Firms typically receive Cash Refunds annually based on the group’s experience during the previous policy year. ​

Group Insurance Trust Refund News for 2020

  • The Trust annual refund will be distributed on February 18
  • This is the 73rd straight year the Trust has distributed a refund
  • This year’s refund is $100 million 
  • Over 81,000 members will have immediate access to their refund through electronic deposit, including over 54,500 members who have signed up for the new Automated Clearing House (ACH) option 
  • Click to view the Committee Report with refund percentages and Trust Refund FAQs​. Access your Annual Refund Statement/Schedule K-1 with our secure self-service portals. Go to myfirm.cpai.com​

Refund Options Can Add More Money to Your Refund

A member’s refund is increased by $25.00 if the member has more than one Trust product. For participants making monthly Electronic Fund Transfer payments, the refund basis is increased by $25.00. The refund is reduced by $6.00 for participants with Dependent Child Coverage.
 

ACH Option Results in Faster Refund Delivery 

If you haven’t done so already, sign up for ACH and have future annual refunds deposited to your savings or checking account the day they become available. To thank planholders for registering for electronic deposits, a one-time $25 increase will be added to your refund in the year in which you successfully enroll. Sign up using these three easy steps:
 

  1. Go to myfirm.cpai.com
  2. Choose “Annual Refunds;” select “Annual Refund Preferences;” select “Update Preference”
  3. Choose “Electronic Bank Deposit/ACH;” fill in your banking information
 
View the committee report with refund percentages



PLEASE NOTE– The participant receiving their refund by check acknowledges and agrees that in order to obtain the refund, if any, all refund checks must be presented for payment according to the terms and procedures set forth in this paragraph. Without limiting the foregoing, refund checks shall be deemed null and void if not duly presented for payment by, or on behalf of, the participant or former participant by the expiration date (not to be less than 180 days from the date of issuance) set forth on the face of the check. If a participant fails to timely present for payment a refund check according to this provision and has not, prior to the expiration of the initial refund check, requested re-issuance of such check, the full amount of the refund shall be applied toward any of the participant’s contribution payments due; if no contribution payments are due or owing by the participant at the time the refund check expires, the refund amount shall be applied toward future contributions as they become due, until the participant receives the full refund amount. Except as otherwise provided in this agreement, upon termination of coverage under the applicable trust, nothing herein shall limit a participant’s right to receive a full refund of any unearned contributions or unapplied portion of expired refunds. For Participants receiving their refund by ACH, if we are unsuccessful in transmitting the refund to the bank account we have on file, we will issue the refund by check, which will follow the same rules noted above. 


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. 


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. 


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.


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.



GVUL—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/gvulprospectus for the prospectuses. You should read them carefully before purchasing coverage.


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. 


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. 


1030668-00001-00                                                                                           Ed 2/20​