The Institute’s board of directors approved an enhancement to the Group Variable Universal Life (GVUL) insurance product—GVUL Preferred—now available to eligible members and their spouses. GVUL Preferred offers significant rate reductions—from 20% to 69%—for many members based in part on evidence of good health. To be eligible, you must be age 50 to 79 and hold a CPA Life policy valued at $250,000 or more. The new plan offers coverage to age 100 (20 years longer than CPA Life).
Investment options under the plan include a tax-deferred account with an annual return guaranteed at 4% (currently 5%). For information on transferring your CPA Life coverage to GVUL and to obtain a prospectus, call AON Insurance Services at 800-223-7473.