Enhancements to CPA Life Insurance Plan announced.

• Position: Member news - Brief Article - Statistical Data Included

The AICPA Life Insurance/Disability Plans Committee recently announced new enhancements to the CPA Life Insurance Plan -- the individual life insurance program for members and spouses.

An additional five years of life insurance is now available to insureds, as the termination age has been extended from age 75 to age 80. On attainment of age 75, an insured's life insurance will be reduced to 25% of the amount in force, or $250,000, whichever is less. The new amount may remain in effect until age 80.

Select Status eligibility has also been extended five years, from age 74 through age 79. By making available periodic renewal...