Affordable Life USA has proudly provided many accountants cost comparisons related to their own personal life insurance coverage for over 25 years. Many accountants begin their evaluation process by analyzing the cost and benefits of AICPA life insurance currently provided to members of American Institute of CPA’s.

Since 1947, AICPA insurance programs have been available to meet the various insurance needs of members and their families. AICPA life insurance offers member’s group life insurance through Prudential.

We will be reviewing the highlights of all three of the AICPA life insurance plans: Level Premium Term Life (LPT), CPA Life and Spouse Life, and Group Variable Universal Life.

We are very familiar with all three of the AICPA insurance plans. So, we can provide you with a complimentary cost comparison of each plan’s life insurance rates by age.

Not to mention, this analysis will also help you determine if you can save money by purchasing an individual policy versus maintaining your group coverage.

AICPA Life Insurance

Each plan under the AICPA Insurance Trust:

Level Premium Term Life

CPA Life and Spouse Life

Group Variable Universal Life

Level Premium Term

Here are the key features of the AICPA Level Premium Term plan:

AICPA membership is required to establish AICPA level premium term insurance

Level premium term allows members up to $2.5 million life insurance coverage

AICPA level premium term locks your rates for either 10 or 20 years

Ideal for those who have a few health issues and do not want to take an exam

You are also able to qualify for a preferred health rating with level premium term life

Preferred health rating requires you to go through the underwriting process with Prudential

LPT policyholders can continue the plan after the initial 10 or 20 year term has ended, but the rates will increase annually and coverage ends at age 95

Because of the ability to lock in your rates, the maximum age to apply for coverage is age 65

Premium refund is available

CPA Life and Spouse Life

Here are the highlights of the AICPA CPA Life plan:

AICPA membership is required to qualify for CPA Life and Spouse Life

The death benefit’s can range in amount depending on your age from $10,000 – $2,500,000

Both CPA Life insurance and Spouse Life insurance are age bracketed every 5 years, which means these AICPA life insurance rates will go up in cost every 5 years

which means these AICPA life insurance rates will go up in cost every 5 years CPA Life also offers various health categories which you can qualify at: preferred, select, and standard rates

Most people can qualify for coverage

Your spouse is priced separately and can not have any more coverage than you

The maximum age of eligibility to begin this plan is 74

The coverage decreases by 50% at age 75

Coverage ends at the age of 8o yeas old

A premium refund is available

AICPA Insurance Trust Refund The AICPA Insurance Trust is currently administered by AON.

The AICPA Insurance Trust always sends out it’s annual premium refunds in February. So, both term plans under the AICPA life insurance umbrella offer accountants an annual cash refund each year in mid February.

The AICPA refund available is between 10-40% and is calculated based on your age bracket and underwriting class. As you get older your premiums will get more expensive and the refund available decreases.

From the beginning, Prudential has always paid a non-guaranteed cash refund to it’s policyholders.

However, the refund is not guaranteed and fluctuates based on what Prudential doesn’t use for claims or overhead.

Prudential is simply overestimating the cost for coverage to give itself a buffer in the event it has a higher claims for the year.

The AICPA life insurance cash refund earns no interest and is not a policy cash value, but it is simply a return of your money.

In other words, the CPA life insurance plan is overcharging you for life insurance for a year, and then giving you a refund.

While this often sounds like a great deal, accountants can evaluate the true cost with a little analysis of the AICPA benfits.

CPA Life Compared to Term Life



The AICPA life insurance rates make economic sense at younger ages, or if you have any serious health conditions.

However, as accountants get older the AICPA life insurance rates by age are significantly more expensive than open market pricing.

If you are in decent health and over the age of 50, it is always cheaper to buy individual term coverage outside of the group.

Quick Example: Here are the CPA life insurance rates with the applicable AICPA cash refund vs the cost of term life insurance rates age 55 and older available in the individual marketplace.

CPA Life Compared to Individual Coverage

$500,000 Class 55-59 60-64 55-69 70-74 CPA Life Select $140 $270 $485 $970 CPA Life Standard $270 $480 $845 $1,510 Term 20

Preferred $1322 $132 $132 $132

Male, $500,00, age 55, non smoker, preferred plus

Term 20 is example price for $500,000, 20 year term

AICPA life insurance refund not applied

AICPA trust refund 2017, select, 38% age 55-59, 28% age 60-74

AICPA trust refund 2017, standard, 20% age 55-59, 10% age 60-74

Before you make any decisions on AICPA insurance, please run cost a comparison!

Which is cheaper individual term life or AICPA life insurance?

Affordable Life USA makes finding the insurance companies that have the best rates for people simple and easy!

You can select the desired death benefit and term duration of 10, 15, or 20 years using our the life insurance premium calculator.