COLUMBUS, Ga., Nov. 4, 2019 /PRNewswire/ -- Aflac, the leader in
supplemental insurance sales at U.S. worksites, today announced the
launch of its new group worksite life insurance. It is the latest
product in the company's life portfolio, designed to help a wide
array of individuals and families pay the bills if something
happens to a primary wage earner.
Available in term and whole life options for consumers ages
18-70, Aflac's new group life coverage can help protect and
maintain workers' and their families' way of life in the event of
the insured's death — from being able to continue making payments
on the family home to helping with the kids' school tuition or
other day-to-day expenses. In addition, living benefits are
available to help insureds should a terminal illness diagnosis
occur while they are alive, with fixed cash benefits that can be
used to help with long-term care, home health care needs or however
one chooses.
"Aflac isn't a company that leaves innovation to others. That is
why we are excited to transform and expand our group worksite life
coverage portfolio with options tailored to individuals' needs and
incomes," said Bob Ruff, senior vice
president of Growth Solutions at Aflac. "While death is a difficult
subject to discuss, it is something for which we all have to
prepare. Especially during emotional times, the last thing a family
should have to focus on is financial stress."
Aflac makes group life coverage easier to obtain by offering
guaranteed-issue options for qualified accounts with as few as five
lives and simplified issue for accounts with as few as three
lives.
New benefits available with Aflac's group life coverage
include:
- Advanced claim payment — To help with immediate final
expenses such as funeral costs, Aflac may advance a portion of the
policy's proceeds upon notification from the beneficiary before
receiving all necessary documentation.
- First-responder benefit rider — As a part of Aflac's
growing portfolio of first-responder benefits, this rider pays an
additional benefit if death occurs in the line of duty.
- Appealing new living benefits rider options —
Provide fixed, lump-sum or periodic payments for a qualifying
chronic condition while the certificate holder is living.
"By expanding our group life coverage to include benefits while
the insured is still living, we help assure our customers that they
can 'Count on Aflac for Life,'" Ruff added.
The newest group life coverage is available in the following
states: Alabama; Arkansas; Arizona; Connecticut; Georgia; Hawaii; Iowa;
Kentucky; Louisiana; Michigan; Mississippi; Missouri; Nebraska; Nevada; New
Mexico; North Carolina;
Oklahoma; South Carolina; South Dakota; Tennessee; Texas; Utah;
Washington, D.C.; West Virginia; Wisconsin and Wyoming. This product is expected to be
available at more locations in the coming months.
In addition to the new group worksite life insurance, Aflac's
life portfolio also includes recently enhanced juvenile life
coverage as well as direct whole and term life coverage.
Get to know Aflac and its life coverage at
Aflac.com/LifeInsurance.
About Aflac Incorporated
Aflac Incorporated (NYSE: AFL) is a Fortune 500 company helping
provide protection to more than 50 million people through its
subsidiaries in Japan and the
U.S., where it is a leading supplemental insurer, by paying cash
fast when policyholders get sick or injured. For more than six
decades, insurance policies of Aflac Incorporated's subsidiaries
have given policyholders the opportunity to focus on recovery, not
financial stress. Aflac Life Insurance Japan is the leading
provider of medical and cancer insurance in Japan, where it insures 1 in 4 households.
Through its trailblazing One Day PaySM initiative in
the United States, for eligible
claims, Aflac can process, approve and electronically send funds to
claimants for quick access to cash in just one business day. For 13
consecutive years, Aflac has been recognized by Ethisphere as one
of the World's Most Ethical Companies. In 2018, Fortune magazine
recognized Aflac as one of the 100 Best Companies to Work for in
America for the 20th consecutive year, and in 2019, Fortune
included Aflac on its list of World's Most Admired Companies for
the 18th time. To find out more about One Day PaySM and
learn how to get help with expenses health insurance doesn't cover,
get to know us at Aflac.com.
Aflac herein means American Family Life Assurance Company of
Columbus and American Family Life
Assurance Company of New York.
WWHQ | 1932 Wynnton Road | Columbus,
GA 31999.
Media contact — Kristen Fraser, 706.580.3813 or
mediarelations@aflac.com
Analyst and investor contact — David A. Young,
706.596.3264, 800.235.2667 or dyoung@aflac.com
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SOURCE Aflac Incorporated