Aflac Review

Aflac insurance is the United States' largest supplemental insurance provider. This company began in 1955 in Columbus, Georgia. At the time, the three brothers who founded it called it American Family Life Insurance Company of Columbus. The name was changed to American Family Life Assurance Company several years later. In the 1990s, the name was changed to Aflac Incorporated.

This supplemental coverage is different from traditional health or life insurance. The company takes direct payroll deductions from employees who choose to use it. Aflac is popular with small businesses and companies that don't have their own traditional health insurance plan. When a policyholder experiences illness or injury, specific dollar amounts are paid instead of specific percentages. Aflac joined Continental American Insurance Company in 2009 to expand coverage past voluntary benefits.

What is Aflac Insurance

The company also expanded to offer flexible spending plans, un-reimbursed medical and dependent daycare benefits. While the company once only offered life insurance, they now offer multiple coverages. Aflac insurance coverage areas include accident, cancer/specific disease, dental, hospital confinement sickness/indemnity/intensive care, life, lump sum cancer/critical illness, specified health event, short-term disability and vision.

Aflac has more than 60 million members worldwide and the company has assets exceeding $85 billion. Consumers who use this type of supplemental insurance rank it highly. When compared against similar competitors, Aflac's reimbursement and coverage policies exceed others. This is why it is still in business after more than 50 years.

Aflac Review

Policies are customizable and can be arranged by visiting the company's main website. Consumers who work for a company that offers discounted Aflac rates should visit with an HR representative at work before signing up online. Similar to traditional group health insurance, there are conditions and stipulations related to reimbursement of illness or injury. Plans that are offered by employers will pay a lump sum of cash directly to an injured employee who is unable to work after being hurt on the job.

Aflac insurance plans for health or life insurance include allowances that pay the insured policyholder directly with a lump sum of cash for procedures and treatments. In most cases, if there are any waiting periods for pre-existing conditions, they are not as long as most other insurance companies' time-frames. Aflac is known for quick reimbursement and timely responses to concerns and questions. Depending on where care is provided, the cost is often equal or very close to the amount that is awarded.