AICPA Life Insurance Review- Plus AICPA Insurance Trust Facts

AICPA Life insurance isn’t really known by too many consumers, so we wanted to lay it out for you.  In this AICPA life insurance review and our in-depth look at AICPA Insurance Trust we will give you the scoop on everything you need to know about AICPA and if they are the best option for you.

aicpa life insurance review

AICPA life insurance is life insurance tailored for the CPA and the families of CPA’s.

Certain groups of individuals get some special options for life insurance.  Veterans can participate in VGLI and SGLI insurance.  CPA’s get the option to participate in the AICPA life insurance program.

Although AICPA may seem like it’s tailored made to be perfect for CPA’s, that doesn’t mean it’s the only option.  It doesn’t mean it’s the only option you should consider before making a life insurance purchase either.

Over 1000 life insurance companies flood the market, and all have unique traits and niche abilities.  It’s important to always weigh your options before 100% committing to one plan regardless of if it seems like it was created just for you.

This article is designed specifically to show you the options, comparisons, and pricing of AICPA life insurance.  Also, we will break down the nitty-gritty details of the possibilities and cover the AICPA Insurance Trust refunds to help you gain a better understanding of the entire picture and all your options.

If you’re ready, so are we.  Let’s begin.

AICPA- The Membership program Through Prudential Life Insurance Company for CPA’s


Most people have no clue what or who AICPA Life Insurance even is so let’s cover that first.

Since 1947, the AICPA program has been offering coverage to.  It’s a growing and evolving program for its members and currently sits at nearly 500,000 in force life insurance policies today.  The program was built to be a one-stop shop for CPA’s to be able to bundle or get insurance for all the following.

  • Life Insurance
  • Auto Insurance
  • Homeowners Plans
  • Business Insurance Plans
  • Group and Professional Liability Insurance

We won’t dive in deep on any items except the life insurance side of the equation.

So What Else does AICPA Life Insurance have going for them?

AICPA Life Insurance has been helping the professionals in the CPA profession for 120 plus years.  They have remained a top resource for over 350,000 current active members.

AICPA also partners with Aon.  Aon Insurance Services is a leader in the industry with Risk management services.

Let’s look at the history or the AICPA Life Insurance.  Here’s an overview of the timeline. Let’s see what 70 years of excellence looks like.

  • 1947- AICPA Insurance Trust is Established.  Group Life Insurance Plans are introducing to CPA Firms.
  • 1957- CPA Plan Life Insurance is inaugurated for Individual CPA’s.
  • 1967- AICPA Introduces the Professional Liability Programs for CPA Firms and Accountants
  • 1978- Long Term Disability Income Plan is Established for AICPA Members
  • 1987- The Spouse Life Insurance Plan is Introduced for the CPA Plans
  • 1988-Personal Liability Umbrella Introduced for Individual CPA’s
  • 1991- Dependent Child Life Insurance Begins Under the CPA Plan
  • 1993- Long-Term Care Introduced for AICPA Members
  • 1996- Medicare Supplement Programs Is Offered to AICPA Members and Spouses
  • 1998- The Group Variable Universal Life Insurance (GVUL) Is Introduced
  • 1999- Employment Practices Liability Insurance Program Introduced to CPA Firms
  • 2002- Commercial Property and Liability Program Introduced
  • 2006- Preferred Rates Become Available for the Group Variable Universal Life Insurance Plan
  • 2009- Level Premium Term Life Insurance is Introduced
  • 2010- AICPA Insurance Trust the Online Self Service Center

It’s easy to see that AICPA has been growing steadily and introducing new products and services and attempting to keep pace with technology.  The Online Self Service Center being introduced allows the clients to quickly login and navigate their benefits and plans.

The timeline of growth and development for AICPA has been about the same story as many other life insurance companies over the course of the last 70 years.  What AICPA has introduced or implemented doesn’t necessarily make them the best option for you whether you are a CPA or not.  We will cover all of that shortly.

Let’s Dive into the three main plans that AICPA offers.

Your First Option with AICPA is the CPA Life and Spouse Life Insurance Plan.

The first thing to know about these plans is that they are issued and backed by Prudential Life Insurance Company.  No worries here, they are a top ten rated life insurance company.  These plans are only available to members of the AICPA or other qualifying organizations for CPA’s.

Here’s an overview of what these plans entail and look like.

AICPA Life and Spouse Insurance Plan Key Characteristics

  • Coverage Amount up to 2.5 Million- Group Negotiated Rates
  • The Life Insurance can run up to age 80
  • Income Tax-Free Benefits
  • Flexible Ability to Add Additional Coverage

Special Notes about the Life and Spouse Plans

AICPA makes sure to announce some other important items to know when it comes to these plans.

Here they are.

The Amount of Spouse Life Insurance Coverage Can’t exceed the maximum amount that you are eligible for under the AICPA Insurance Trust Life Plans.

This plan cannot be started after age 74 and the premiums are based on age brackets.  This is a huge thing to understand!  These prices are not locked in and will go up every 5 years under these plans.

You can qualify at three different rates for this plan.  Standard Rates, Preferred Rates or Select Rates.

You are offered a cash refund option within this plan but it’s not technically adding any value within the policy itself.  Don’t get this confused with a permanent life insurance policy or a cash value policy.  It’s not the same and the refunds are not guaranteed.

Let’s dive into some of the rates for this plan. These are going to base on 5-year age groupings we discussed previously.

You will be classified into the following groups.

Age Brackets with AICPA Life Insurance

  • Under 30
  • Age 30-34
  • Age-35-39
  • Age- 40-44
  • Age 45-49
  • Age 50-54
  • Age 55-59
  • Age 60-64
  • Age 65-69
  • Age 70-74


Coverage is no longer available after age 74.

Now let’s assume you are seeking 300,000 in coverage at each age bracket and was classified at standard rates, what will it cost you? You are also a Male for this scenario even though the pricing difference is extremely small.

Life Insurance Pricing with AICPA

AGE PRICE
UNDER 30
$ 8.40
Age 30-34
$ 10.80
Age 35-39
$ 13.20
Age 40-44
$ 17.40
Age 45-49
$ 47.40
Age 50-54
$ 87.00
Age 55-59
$ 162.00
Age 60-64
$ 288.00
Age 65-69
$ 507.00
Age 70-74
$ 755.00

Now let’s look at the options outside of AICPA Life Insurance and See the Pricing Break Down.

We will use the exact same scenario.  Male, 300,000.00 in coverage but this time we will do it on a 10 Year Level Premium Term.

Think about this for a second and pay attention.  Keep in mind that with a private policy you are doubling the length you are locked in for by getting 10 years of level premium.  As you can see above, AICPA is only locking you into 5 years at a time and then jacking up the prices on you.

Standard Rate- Male- 300,000.00 -10 Year Level Premium Term Life Insurance

These are being run off the rate engine we use to view over 60 companies.  It’s same method we use when that insurance agent your speaking to is running the rates for you.

News Flash- These rates are the exact same for every agent in all 50 states.  There’s no such thing at discounts and no agent can get you a lower price with a company than another agent can.  The rates are set by the state insurance commissioners and companies and are locked at those prices.  The only thing that can make your rates is lower is becoming a marathon runner (kidding but serious at the same time).

AGE PRICE
UNDER 30
$ 17.21
Age 30-34
$ 18.75
Age 35-39
$ 22.20
Age 40-44
$ 29.49
Age 45-49
$ 46.73
Age 50-54
$ 70.51
Age 55-59
$ 104.04
Age 60-64
$ 139.39
Age 65-69
$ 315.01
Age 70-74
$ 509.38

So, what are we seeing?

Well what your seeing is your rates are only cheaper and barely cheaper until you reach your mid 40’s.  Also keep in mind that if you are beating the price at the younger age, you’re only beating the price for 5 years.  With an outside policy, you’re getting cheaper rates than AICPA coverage for 10 locked in years with more built-in features inside the policy.

We will discuss that later.

For now, let’s keep covering everything you need to know about AICPA Life Insurance.

AICPA Life Insurance Review of Product #2- Level Premium Term and Spouse Level Premium Term

This product is known as the AICPA Level Term or LPT Plan.

With this product, you’re getting closer to a product that makes sense because you are locking in your rates.  My assumption is that consumers began realizing that they can do better elsewhere so they needed to adjust some and offer a comparable product.  How good is it?

First, they are exclusive to AICPA members only and issued by Prudential Life Insurance Company.

They have the same cap rate at 2.5MM in life insurance coverage and only come in two options.

  • 10 Year Level Term
  • 20 Year Level Term

Special Note- This product terminates at age 65.

If you purchase the coverage at age 65 you can keep it till age 90 but the rates will begin to balloon or skyrocket on you on the same principals, we discussed with the previous product they offer.

Other Key Features of the AICPA Level Term Plan

  • Option Accidental Death and Dismemberment Insurance
  • Disability Waiver of Premium
  • Dependent Child Insurance Coverage
  • Cash Refund Ability
  • Preferred Rates are Still Available
  • Rates Locked for only 10 or 20 Years Depending Which You Choose

Finally, we Have the Group Universal Life Insurance or GVUL Product with AICPA

This plan includes the following Features
  • Life Insurance Coverage to Age 100- Only Valid with Active Membership
  • Tax Deferred Investment Options- Includes a Fixed Account with Guaranteed Rate of 4.0%
  • Ability to Borrow or Take Loans Against the policy, usually tax-free

Special Note- Don’t be overly amused by the ability to draw against your account or life insurance policy. All GUL policies with all companies have this privilege and 4.0% is not overly impressive either.  Other companies offer better returns than this.

Special Note #2- The premiums do increase on this plan every 5 years as well.

Ok, now he needs to cover another big area of discussion with AICPA Life Insurance.

AICPA Life Insurance Trust- What is it and how does it work?

The trust refunds are a key piece of the puzzle for making the AICPA plans more advantageous or giving them, some form of a competitive edge.  The biggest thing the trust refunds do for you is reduce future premiums.  Outside of that, they don’t have a ton of added value.

Think of the AICPA Life Insurance Trust Just Like Dividends with a Mutual company.  They are not guaranteed, and they can impact your rates or premiums due in a negative or positive way any given year.  So far, since inception it has been positive with the trust, but that holds no guarantees for the future of the performance.

So, you will receive the AICPA trust refunds around tax season or right before March of each year.  Again, if it’s a positive year for the trust.  You will receive what’s known as K-1 statement indicating the refunds from the trust and the amount according to AICPA’s website.

How will the Trust Refund Impact you directly?

Simply put, they will reduce your premiums and so far, as of late the trust refund or cash refund with AICPA has been performing well.  For the most part, they have been hovering right about 50% depending on the age bracket you fall into.

This does help counteract the prices rising every 5 years with AICPA, so it is something to consider when evaluating options.

Let’s talk about the No Guarantees a Bit More with the Trust Refund.

This is a positive note about AICPA life insurance and deserves an honorable mention.  The Trust refund is again never guaranteed.  It is however a steady steaming train that’s performed well.

It will be a total of 70 years in which the refund has been applied to policyholders.  Just never expect it just in case that changes soon.

Increasing your Trust Refund with AICPA

You have options to help boost your life insurance trust refund if you choose to.  Here’s a few of those options to give the policy a little boost

  • Cover Both you and Your Wife and Get 25.00 Dollar Additional Refund
  • USE EFT Direct Payment Method and Receive an Additional 25.00 Refund
  • Each Policy you Own Adds 5.00 to the trust refund
  • Adding a Child boost your trust refund annually by 6.00 dollars.


In my opinion, the AICPA life insurance trust is the silver lining on the options with the company.

What’s your take? Are we AICPA Life Insurance Fans and Going for The Trust Refunds?

We have covered basically everything we know about AICPA including rates, pricing and products.

Overall, Good Life Protection firmly and strongly believe you have way better options for life insurance coverage outside of AICPA regardless of if your CPA or not.  When a company shrinks the total amount of insureds like this policy set up is, it just can’t compete with the big players in the industry on pricing or available features.

You always need to consider all options before deciding.  Overall, we are big fans of the AICPA Life Insurance Trust program and think it adds something unique to the policies, but we don’t think it’s worth the trade of higher pricing, limited rider availability and price increases every 5 years.

What do all of you think?  Any experience with AICPA you would like to share? We would love to hear from you.  Make sure to drop a comment below.

Till Next Time.

Josh Martin for Good Life Protection

Josh Martin is the founder of Good Life Protection. He began his career as a captive Agent working for New York Life Insurance Company. After continued education and designations, Josh founded Good Life Protection to provide consumers with more options and insurance that truly fits into your budget and health classification.