Life insurance coverage can be an integral part of any good, solid financial plan. This is because the proceeds from a life insurance policy can be used for many different reasons by an insured's survivors, such as replacing lost income, paying off debts, and/or for paying off the funeral and other final expenses of the insured.
There are many different factors that come into play when choosing a life insurance plan. These will primarily include the type and the amount of coverage, as well as the entity through which the coverage is being purchased. This can also include whether or not the coverage is being purchased as an individual policy, or rather as a part of a group benefits plan.
For many individuals and professionals, being a part of a group or association means that there may be products available, usually at a discounted rate. This is the case with the AICPA or the American Institute of CPAs. This entity provides access to multiple insurance and other coverage products to its members, as well as to other qualifying family members.
To help you further understand more about the different types and purchasing life insruance coverage, look into our post on life insurance types for dummies!
The American Institute of CPAs, or AICPA, is an organization that offers accountants, CPAs (Certified Public Accountants), and other qualified individuals who work in the accounting industry, a long list of financial and insurance coverage products. This includes term life insurance coverage.
The insurance programs that are available to AICPA members have been in the process every since the late 1940s. The member benefits program has expanded a great deal since then, starting with just one single product to 15 offerings today. The insurance coverage that is offered to the members includes coverage for business and personal needs.
The AICPA offers a number of different membership programs, which include individual memberships, specialization section memberships, and firm memberships. In addition to discounts on products and services, the AICPA also provides networking opportunities, education, training, and technical resources for its members.
In many cases, the premium that is charged for the AICPA member insurance coverage may be lower than that of a comparable individual policy. However, price does not always indicate quality of a product - so it is important that the AICPA members who are considering the purchase of life insurance - or any other product through the AICPA - compare the insurance protection, as well as the premium costs, before moving forward.
The life insurance products that are offered to AICPA members is underwritten by Prudential Life Insurance Company. These policies offer both term and permanent coverage - and coverage is available to AICPA members, as well as to their spouses (if applicable). The insurance plans have been offered ever since 1947 - and they have grown and expanded in order to meet the ever-expanding insurance needs of the AICPA members and their families.
The protection that is offered by these life insurance plans may provide up to $2.5 million in life insurance protection. And, with the group variable universal life insurance option via the AICPA, there is also an optional investment component that is built directly into the plan.
There are two primary term life insurance coverage options that are offered by the AICPA. These include the CPA Life and Spouse Life option, and the level premium term and spouse level premium term plan.
With the CPA Life & Spouse Life Option, up to $2.5 million in term life insurance coverage is available to the member and his or her spouse. This plan also offers many flexible options. For example, some of the highlights of this plan include:
The Level Premium Term and Spouse Level Term option offers up to $2.5 million in life insurance coverage for the member and his or her spouse at a rate that will not change over the duration of the ten or twenty-year level period policy. It also offers the following benefits:
For AICPA members who are seeking more of a permanent form of life insurance, there is a group variable universal life insurance option available. With this plan, up to $2.5 million in coverage is available, along with an optional investment component.
With the group variable universal life insurance plan through the AICPA, all of the features that are in the CPA life plan are included, in addition to the following:
In addition to life insurance coverage, the AICPA also offers other insurance protection on a group basis to its members. These include both on a personal and a business level. For example, the personal insurance that can be obtained via AICPA includes the following:
On the business side, AICPA offers group life insurance coverage for firms, as well as professional liability insurance coverage. These plans include:
There are other financial and insurance related options offered to members via the AICPA, too, such as:
If you are in the process of seeking premium quotes on AICPA term life insurance coverage - or reviews such as Allstate term life insurance reviews or AAA whole life insurance reviews - we can assist you. We are an independent life insurance brokerage, and we work with many of the best life insurance carriers in the market place. Because of that, we can provide you with information about a number of different policies, coverages, and premium quotes that may work well for you and your specific needs, as well as fit into your budget.
We can do this for you very quickly and conveniently - all directly from your computer - and without you having to meet in person with a life insurance agent. This can make the process of finding and applying for the life insurance coverage that you need much more seamless. If you are ready to start the process, just all that is required is to simply take a moment to fill out the quote form on this page.
Should you find that you still have any additional questions regarding term life insurance coverage, then please feel free to reach out to us by phone. Our experts are here and available to assist you with any information. You can call us toll-free at 877-235-9299.
We know just how overwhelming it can sometimes be when you are trying to determine the best life insurance coverage for you. There are many different variables and parameters that are necessary, and you want to ensure that you are choosing the best option for you. This, however, can be accomplished so much more easily when you have an expert on your side. So, contact us today - we're here to help.