Aflac Incorporated
Aflac is not affiliated with, nor does it endorse or sponsor, the contents of this webpage or the TermLifeInsuranceQuotes.com website.
Aflac insurance policies are available to individuals and employers are given a way to offer insurance to their employees at no cost to the company. Aflac provides employers with an opportunity to offer insurance as part of the company's benefits package. The policy is voluntarily paid by the employee, leaving no cost to the employer.
Employers can request an Aflac representative to educate employees and present the available insurance policies at a company meeting. After the presentation, the representative is available to enroll employees, answer questions and provide individualized policy information. Employer plans are designed to pay benefits directly to an employee when the employee is unable to work due to sickness or injury. Employees can enroll immediately or enroll individually at a later time.
Aflac offers accident, dental, disability, vision, juvenile life, and whole and term life insurance policies to individuals. Juvenile whole and term life insurance policies are available for children. Juvenile whole life includes death benefits and earns cash value that can be borrowed or used to pay premiums. The lifetime policy is available for children under 18 years old and doubles in coverage after the child's 18th birthday.
Juvenile term life insurance policies include death benefits that expire on the child's 25th birthday. After age 25, the policy may be renewed as an individual policy. Aflac claims that juvenile policies allow an adult to continue receiving coverage in the event of a serious childhood illness or condition.
Individual Aflac term life insurance policies cover individuals in the event of a death occurring during the coverage time period - generally 20 to 30 years. At the end of the specified time, coverage is terminated. Whole life insurance provides the same death benefits and also includes an investment option that may be borrowed or used to pay the premium.
Unlike term life insurance, whole life insurance will not terminate as long as the premiums are paid. An additional option, term life riders, is also available from Aflac. This policy is available to existing term life or whole life policy holders and covers children when riding in a vehicle.
Aflac insurance policy funds can be used to play immediate and future expenses in the event of a death; including burial and funeral costs, medical bills, past debts, retirement or income replacement. Benefits from Aflac term life insurance or whole life insurance policy funds are paid directly to the policy holder or designated individual and can be used to pay any expenses that are necessary. The policy holder chooses when and how benefits will be used.
