AICPA Insurance Programs

Keeping up with Change: Planning Your Protection Portfolio

Life insurance is an important part of sound financial planning. But, if you are only covered under the AICPA Life Insurance Program, your protection portfolio may be incomplete, and you may not be keeping up with your family's changing life insurance needs. A new baby, a mortgage, a child's tuition ... all these life changes require a steady source of income, which means additional insurance protection may be necessary. The AICPA Spouse Life Insurance Program provides up to $2 million of coverage (depending on your age and memberships and your eligible spouse's age) with the same competitive rate structure as CPA Life Insurance and the opportunity for cash refunds. Additional Plan benefits include:

• Accidental Death and Dismemberment (AD&D) Insurance* - AD&D insurance is 24-hour, around-the-world accident coverage. AD&D terminates when your spouse reaches age 75.
  
  
• Accelerated Benefit Option** - This no-cost feature allows you to receive a portion of your Spouse Life Insurance should your spouse become terminally ill while covered.
  
  
• Select Status ... Save on the Cost of Your Spouse Coverage - Select Status offers lower gross contribution rates and net costs for covered spouses age 45-79 who submit evidence of good health. If approved by Prudential, gross contribution rates are lowered for a five-year period. Select Status can be continued at the end of each five-year period with submission and approval of updated medical evidence. If you are not approved for Select Status, spouse coverage will be continued; however, it will be at the standard contribution rate. If your spouse is between the ages of 45 and 74 and is approved for new or increased spouse coverage, you will automatically receive Select Status rates.

Thousands of your fellow CPAs count on the AICPA Insurance Trust for this coverage. Now, you, too, can secure the same competitive rates and benefits for your spouse by simply completing and submitting an online application.

If you are currently insured under the Plan, you already know the value of this protection for your family. But, it's always a good idea to reassess your insurance needs. If you determine that you don't have enough protection, apply for an increase in coverage today by completing and submitting an online increase coverage application. Apply today and additional financial security can be yours!

*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 Insurance Department.

**The acceleration of life insurance benefits offered under this certificate are intended to qualify for favorable tax treatment under the Internal Revenue Code of 1986, IRC Section code 101(g). If the acceleration of life insurance benefits qualifies for such favorable tax treatment, the benefits will be excludable from your income and not subject to federal taxation. Tax laws relating to the acceleration of life benefits are complex. You are advised to consult with a qualified tax advisor about circumstances under which you could receive acceleration of life insurance benefits excludable from income under federal law.