Dealing with a serious accident or disability is difficult enough without the worry of how you’ll provide for your family’s financial needs in the absence of your income. The AICPA Long Term Disability Income Plan was designed with this in mind, helping protect your family’s future by providing a monthly benefit when you’re unable to earn an income.

Michigan CPA Bob Sher, who serves as chair of the AICPA Life Insurance Disability Plans Committee, says the AICPA program offers flexibility that enables members to tailor coverage to their individual needs.

Sher points out that a unique feature of the AICPA plan is the opportunity to request a monthly benefit from $1,000 to $3,000 regardless of earnings or other disability coverage. Monthly benefits from $3,500 to $10,000 are available to AICPA members, depending on earnings and other coverage.

Other features include:

• A “your occupation” definition of total disability that applies for the entire disability period.
• A rehabilitation program that allows you to work while receiving reduced benefits.
• Choice of a 13- or 26-week waiting period.

Plus, says Sher, AICPA Long Term Disability Plan participants have the opportunity for cash refunds, which can significantly lower their cost of insurance. Although never guaranteed, he says, cash refunds have been paid to eligible participants every year since 1984.

Although the Plan is sponsored by the AICPA, insurance is issued by The Prudential Insurance Company of America. For further information, visit the AICPA insurance web site.

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