Group Level Term Life Insurance Plan

• Available to Eligible ICPAS Members Spouse Under Age 65: With the ICPAS Group 10-Year Level Term Life Insurance Plan, you can help protect your family from the financial burdens of your and/or your Spouse’s death.
• Renewable Until Age 75: You can renew your life insurance under this ICPAS Plan until age 75, subject to all Termination of Coverage provisions.
• Member and Spouse Coverage: Build a plan to help meet your needs, from $50,000 up to $250,000 (in $50,000 units).
• Affordable Group Rates That Remain Constant for 10 Years: Compare the premiums for the ICPAS Group 10-Year Level Term Life Insurance Plan to similar level term life plans on the market today. You’ll probably be surprised at how much life insurance you can afford.
• Nonsmoker Rates which you may qualify for: If you have not smoked cigarettes, cigars or used a pipe or chewing tobacco, nicotine chewing gum or snuff in the last 12 months, you are eligible for a nonsmoker premium rate.
• Send No Money Until You’re Approved
• Convenient Monthly Payment Option: A Preauthorized Check Payment Plan option offers a time-saving convenience.
• Exclusion: The two-year suicide exclusion, applies if a Covered Person commits suicide during the first two years coverage or the first two years immediately following an increase in coverage under this Policy.
• Portable Coverage: The Plan offers portable coverage that can follow you throughout your career. Make all the career changes you want and still be able to maintain this valuable protection.

Eligibility

Available exclusively to ICPAS members under age 65, a citizen of the United States, it territories and protectorates who may apply for coverage for themselves and their Spouse. When Spouses are both Eligible Members, coverage may not be duplicated by applying as dependents of each other. Your Spouse must by under age 65, a citizen of the United States, its territories and protectorates, and not legally separated or divorced from you. In order to becomes insured, satisfactory evidence of insurability must be provided and the required premium must be paid. Spouse includes domestic partners who have provide a domestic partner affidavit or other documentation as required by law.

A dependent who is also an ICPAS member is eligible for either member or dependent coverage, but not both. If both member and spouse are covered as members, neither may insure the other as spouse.

This program may vary and may not be available to residents of all states.

Apply For Up To $250,000 Of Coverage

Choose the amount of Group 10-Year Level Term Life Insurance you want to help protect you and your family for the next 10 Years without the worry of premiums that could go up or benefits that could go down due to your health or age.

Amounts of Insurance: Members — $50,000 to $250,000 in $50,000 multiples

Spouse—$50,000 to $250,000 in $50,000 multiples. Each Covered Person may not be covered: under more than two certificates of insurance; or for a total benefit amount under all certificates which exceeds $1,000,000.

Plan Features

Pay Less If You’re a Qualified Nonsmoker 

Nonsmokers meeting the highest underwriting standards may qualify for the “Preferred Plus” rates that follow. Other nonsmokers may qualify for ’Preferred’ rates. You are considered a non-smoker if in the past 12 months you have not smoked cigarettes or cigars, or used a pipe, chewing tobacco, nicotine chewing gum or snuff.

Continuing Insurance After the 10-Year Term Ends 

Premiums will remain level for the first 10 years of coverage. At the end of the 10-year period, if you still meet requirements of eligibility, you may apply for re-entry. A written application and evidence of insurability satisfactory to Hartford Life and Accident Insurance Company is required.

Or you can be automatically transferred to a group annual renewable term life policy (ART)* with attained age rates, without evidence of insurability, and subject to all the terms and eligibility requirements of that policy.

*ART life policy premium rates are attained-age rates and may be changed at any time by the company. The initial premium rate will be based on the Covered Person’s then current age at the time of transfer.

Keep Your Cost Manageable 

Rates have been provided on an annual basis per $1,000 of coverage to make it easier for you to compare this Plan to other insurance plans on the market today. Four modes of payment are available to suit your budget: quarterly billing, semiannual billing or annual billing; and our Monthly Preauthorized Check Payment Plan.

Review your cost for the Group Level Term Life Insurance Plan.

Termination of Coverage: As long as you remain an active member of the Illinois CPA Society, pay your premium when due, and the master policy remains in force, you can keep your coverage until you turn age 75, or on the 10th anniversary of the Certificate Effective Date shown in the Schedule of Insurance.Your dependent’s coverage will remain in effect as long as your coverage is active, premiums are paid, and they meet the eligibility requirements. When Spouses are both Eligible Members, coverage may not be duplicated by applying as dependents of each other.

Send No Money Now!

All you need to do is return the completed application. You will be billed for the appropriate premium upon approval of your application.

Other Important Information

One Exclusion

If a Covered Person commits suicide: while sane or insane during his or her first two years of coverage under the Policy; we will only pay an amount equal to the premium paid for coverage to the date of death. The Life Insurance Benefit is payable if a Covered Person is insured under the Policy and commits suicide after the two year period. The two-year suicide exclusion applies if a Covered Person commits suicide during the two years immediately following an increase in coverage under this Policy. In either event, the Amount of Insurance payable will equal the Amount of Insurance in force prior to the increase plus an amount equal to the premium paid for the increase to the date of death.

You Name Your Beneficiary

Your beneficiary is the person(s) last designated by you in writing, and recorded by or on behalf of Hartford Life and Accident Insurance Company. You may change this beneficiary designation, at any time, by written request. You are the automatic beneficiary for dependent insurance, as described in the Certificate of Insurance. If you wish to name another beneficiary for spouse insurance, contact the Administrator for the applicable forms. If no beneficiary has been made, benefits will be paid to the executors or administrators of your estate, all to your surviving spouse, if your spouse does not survive you, in equal shares to your surviving children, or if no child survives you, in equal shares to your surviving parents.

Additional Plan Provisions

Effective Date

Insurance will take effect on the date your application is approved and your first premium is paid.

Acceptance into this plan is subject to medical evidence of insurability as determined by The Hartford and underwriting guidelines. As part of the evidence of insurability process, a medical examination, medical test(s), or other evidence of good health may be required. Any exams/test requested by the company will be conducted at your convenience and at no expense to you.

Certificate of Insurance 

This information explains the general purpose of the insurance described, but in no way changes or affects the Master Policy as actually issued. In the event of a discrepancy between this information and the Policy, the terms of the policy apply. All benefits are subject to the terms and conditions of the Policy. Policies underwritten by Hartford Life and Accident Insurance Company detail exclusions, limitations, reduction of benefits and terms under which the Policies may be continued in full or discontinued. Complete details are in the Certificate of Insurance issued to each insured individual and the Master Policy issued to the Policyholder.

30-Day Free Look

If you are not completely satisfied with the terms of your Certificate of Insurance, you may return it, within 30 days. Your coverage will be invalidated, and you will be sent a full refund minus any claims paid no questions asked!

Notice of Insurance Information Practices

• Nationwide