*Receipt of accelerated death benefits may affect eligibility for public assistance programs. Benefits may also be taxable, and are not expected to receive the same favorable tax treatment as other types of accelerated death benefits that may be available.
1 Nerdwallet - What Is Life Insurance and How Does It Work?. Updated August 31, 2022. https://www.nerdwallet.com/article/insurance/how-does-life-insurance-work. Accessed April 5, 2023.
2 Policygenius - How Does Life Insurance Work. Updated March 30, 2023. https://www.policygenius.com/life-insurance/how-does-life-insurance-work/. Accessed April 5, 2023.
3 Bankrate - What Does Life Insurance Cover. Updated March 13, 2023. https://www.bankrate.com/insurance/life-insurance/what-does-life-insurance-cover/. Accessed April 5, 2023.
4 Policygenius – What Kinds of Death Are Not Covered by Life Insurance? Updated March 9, 2023. https://www.policygenius.com/life-insurance/what-kinds-of-deaths-are-not-covered-by-term-life-insurance/. Accessed April 12, 2023.
5 Policygenius - How Long Does It Take to Get a Life Insurance Payout? Updated February 4, 2023. https://www.policygenius.com/life-insurance/how-quickly-do-life-insurance-companies-pay-out-death-claims/. Accessed April 5, 2023.
Life – 68000 Series - In Arkansas, Idaho, Oklahoma, Oregon, Pennsylvania, Texas, & Virginia, Policies: ICC1368100, ICC1368200, ICC1368300, ICC1368400. In Delaware, Policies A68100-A68400. In New York, NY68100-NY68400. Term/Whole Life – B60000 Series – In Arkansas, Idaho, Oklahoma, Pennsylvania, Texas, & Virginia, Policies: ICC18B60C10, ICC18B60100, ICC18B60200, ICC18B60300, & ICC18B60400. Group Whole Life - Q60000 Series - In Arkansas, Policy Q60100CAR. In Delaware, Policy Q60200M. In Idaho Policy Q60100CID. In Oklahoma, Policy Q60100co*k. In Oregon, Policy Q60100COR. In Texas, Policy Q60100CTX. Group Term Life Q60000 Series - In Delaware, Policies Q60200C. In Arkansas, Idaho, Oklahoma, Oregon, Texas, Policies ICC18Q60200C, ICC18Q60300C, ICC18Q60400C.
The content herein is provided for general informational purposes and is not provided as tax, legal, health or financial advice for any person or for any specific situation. Employers, employees and other individuals should contact their own advisers about their situations. For complete details, including availability and costs of Aflac insurance, please contact your local Aflac agent.
Aflac insurance coverage is underwritten by American Family Life Assurance Company of Columbus. In New York, coverage underwritten by American Family Life Assurance Company of New York.
WWHQ | 1932 Wynnton Road | Columbus, GA 31999
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FAQs
Financial Value and Ratings
Aflac is a leading supplemental insurance company with excellent financial ratings.
Is it worth getting supplemental insurance? ›
Who buys supplemental insurance coverage and why? You may be a right fit for additional insurance coverage if you: Have a family history of certain types of diseases, such as cancer, heart disease, stroke, etc. Want additional financial protection in the event of unexpected accidents or injuries.
Does Aflac deny pre existing conditions? ›
Pre-Existing Conditions Limitation: Aflac will not pay benefits for any period of disability that results, directly or indirectly, from Sickness or Injury for which you, during the 12 months prior to the most recent Effective Date of your insurance, incurred expenses, received medical treatment, took prescribed drugs ...
How quick are most claims paid with Aflac? ›
And, Aflac rates don't go up even when you file a claim. AFLAC PROCESSES CLAIMS QUICKLY USUALLY WITHIN 4 DAYS. Aflac provides prompt service and fast payment of qualifying claims to help you pay your bills. While you're focusing on your health, we focus on getting you cash as quickly as possible.
What is a good amount of supplemental life insurance? ›
How Much Supplemental Life Insurance Do I Need? Financial experts and insurance companies recommend having seven to 10 times your annual salary in life insurance, so if you earn $75,000 per year, the guideline would be $525,000 to $750,000 in coverage.
What does Aflac not cover? ›
We will not pay benefits for confinement to an observation unit, or for emergency room treatment or outpatient treatment.
How much does Aflac pay for MRI? ›
MAJOR DIAGNOSTIC AND IMAGING EXAMS BENEFIT: Aflac will pay $200 when a Covered Person requires one of the following exams for Injuries sustained in a covered accident and a charge is incurred: computerized tomography (CT scan), computerized axial tomography (CAT), magnetic resonance imaging (MRI), or ...
What pre-existing conditions are not covered in insurance? ›
Health insurers can no longer charge more or deny coverage to you or your child because of a pre-existing health condition like asthma, diabetes, or cancer, as well as pregnancy. They cannot limit benefits for that condition either.
How much will Aflac pay for outpatient surgery? ›
Surgical Benefit Aflac will pay $100–$2,000 when a covered person has surgery performed for a covered sickness in a hospital or ambulatory surgical center based upon the Schedule of Operations in the policy.
How far back will Aflac pay? ›
We will pay the amount shown when, because of a covered accident, you are injured and those injuries cause confinement to a hospital for at least 24 hours within 90 days after the accident date. The maximum period for which you can collect the Hospital Confinement Benefit for the same injury is 365 days.
When Aflac denies your claim, they must provide you with the reason. The main reason why they will deny your claim is they do not think you meet the plan's definition of disabled.
What is the most Aflac payout? ›
ACCIDENT SPECIFIC-SUM INJURIES BENEFITS: When a Covered Person receives treatment under the care of a Physician for Accidental Injuries sustained in a covered accident, Aflac will pay specified benefits ranging from $35– $12,500 for dislocations, burns, skin grafts, eye injuries, lacerations, fractures, concussion, ...
Is Aflac a good secondary insurance? ›
It can complement the specific category you need more support in, and can provide an additional layer of financial protection. Aflac can help with things major medical may not cover.
Where does Aflac rank in insurance? ›
In the U.S., Aflac is the No. 1 provider of supplemental health insurance products.
What is better than Aflac? ›
Prudential Financial, Inc.
(NYSE:PRU) is one of the best alternatives to Aflac with 18 million customers on board. Prudential Financial, Inc. (NYSE:PRU) provides a range of supplemental health benefits. The company provides coverage for accidents, critical illness, and hospital indemnity.
Does Aflac really pay out? ›
Aflac pays cash directly to you, unless otherwise assigned, to help with daily expenses due to a covered illness or accident. AFLAC IS AN EXTRA MEASURE OF FINANCIAL PROTECTION.
