Coverage Amounts Available
Up to $2.5 million in life insurance coverage is available, depending on your age and membership(s). Please note: The amount of Spouse Life coverage cannot exceed the maximum amount you are eligible for under all AICPA Insurance Trust Life Plans or the maximum amount available for your spouse's age. See the Coverage Amount and Rate Chart for details. 

How Much Life Insurance Do I Need?

It is easy to figure out how much life insurance you need with our few minute Life Insurance Needs Calculator.

Cash Refunds can lower the cost of your insurance.
The AICPA CPA and Spouse Life Plans offer yearly Cash Refunds, which help make AICPA life insurance solutions some of the most competitively priced in the industry. Although refunds can’t be guaranteed, participants in all AICPA Insurance Trust Life Plans have received Cash Refunds from the Trust every year without fail since each Plan's inception. Click here to see the Cash Refunds from the prior year.

Optional Dependent Child Coverage (CPA Life Plan Only)
For $6 a year, you can insure all your eligible dependent children with $10,000 of term life insurance. The benefit is paid to the Plan participant and the cost is deducted from your future Cash Refunds. See the eligibility information below:

  • Coverage begins at your child’s birth; there is no waiting period and no evidence of insurability is required.

  • A dependent child is covered if he or she is unmarried and under age 25.

  • Coverage may continue past age 25 for incapacitated children.

  • Legally adopted and stepchildren who depend on the insured member for support and maintenance may also be covered.

You can only elect Dependent Child Coverage under one AICPA Insurance Trust Life Plan. For more information on this coverage, please call Aon Insurance Services at 1-800-223-7473.

Accelerated Death Benefit Option Feature for Terminal Illnesses
This is a no-cost option of the Plan that allows participants, who become terminally ill while covered, 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.

The Accelerated Death Benefit Option is 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.

Optional Accidental Death and Dismemberment (AD&D) Coverage
AD&D insurance is 24-hour, around-the-world accident coverage. This option will double your life insurance benefit amount if you:

  • die by accident
  • suffer the loss of both hands, both feet, sight in both eyes
  • suffer the loss of one hand and one foot, one hand and sight in one eye, or one foot and sight in one eye.

One-half the amount is payable for the loss of one hand, one foot or sight in one eye. The total payment for any accident will not exceed the full amount of the AD&D insurance.

Proceeds for loss of life are payable to the beneficiary. Proceeds for other losses are payable to you. The AD&D insurance benefit is payable in addition to any other insurance. This coverage ends when you turn 75. You can review the AD&D rates and exclusions that apply.

This policy provides ACCIDENT 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 POLICY DOES NOT PROVIDE COVERAGE FOR SICKNESS.

You can review the AD&D rates and exclusions that apply. 

If you become totally disabled, the last thing you need to worry about is paying for your life insurance. This option under the CPA Life Plan allows you to continue your coverage with no further contributions if you become totally disabled before age 60. Your coverage is extended at no cost after a nine month waiting period from the date you became disabled or when proof of disability is provided–whichever is later–and for subsequent years with periodic proof of your continued total disability.

Even if you didn’t make the required contributions or didn’t submit proof of disability, your death benefit will still be paid if you die within a year after you discontinue paying premium contributions. However, your family must provide written notice of your death to Prudential within one year of your death. Disability Waiver benefits for CPA Life ends at age 80; and for AD&D at age 75. Disability Waiver does not apply to Dependent Coverage. Click here to see the rates.

Thinking about changing jobs or retiring?
You can keep your coverage even if you change jobs or retire, as long as you maintain your membership in the AICPA, State Society of CPAs or other qualifying organization.

Income Tax-free death Benefits
If you pay premiums with after-tax dollars, your CPA Life or Spouse Life monthly benefit is generally free from income tax (IRC Section 101(a)) under current federal law.


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