AFLAC Inc. was established in 1955 and is an American insurance company, and one of the largest in the U.S. AFLAC are the initials that were adopted that stand for American Family Life Assurance Company. This company has many types of insurance policies but is most well-known for its insurance coverage which helps people by covering an accident or illness but they may still have to file a long term disability lawsuit to get long-term government benefits. Other types of policies include dental, hospital intensive care, lump sum cancer, life insurance, vision, short term disability, and hospital confinement indemnity among others. This company has been reported as the largest provider of the guaranteed-renewable type of insurance in the U.S.
AFLAC was originally founded by three brothers in Georgia. In 1990, the AFLAC initials were adopted, and in 1999 the popular duck mascot and brand was introduced. The AFLAC duck was a marketing initiative created by the Kaplan Thaler Group out of New York city. In 2005, the AFLAC duck was created as the official mascot and logo for the giant insurance company.
AFLAC provides supplemental insurance that adds extra financial protection to an individual and their family in the event of a serious illness, accident, or another catastrophe. AFLAC has a benefits estimator that individual can utilize on the company’s website so interested parties can see what expenses they would need to cover that aren’t paid by any major medical insurance company. AFLAC differs from other medical insurance policies because it pays benefits to the policyholder in the event of an illness or accident, not to doctors or hospitals like other medical insurances do. Other types of insurance may also pay benefits to the policyholder including some types of social security insurance. To learn more about these options, talk to a long-term disability ssdi law firm.
AFLAC policies can be taken with the individual regardless of their position or job. If the individual changes their job, the policy continues with the person, not the company. Retirement is not a hindrance either as the policy will continue with the holder. AFLAC claims to process their information on any claims within a four-day timeframe. The policy also pays benefits even while the individual is considered “healthy” to promote better care of the individual. Benefits may vary depending on the state and location of the policyholder.
AFLAC is a large and profitable insurance company that distributes benefits to the policy holder. Many people opt for this type of insurance to add extra coverage in case of an accident or illness. It’s beneficial to those that have suffered and accident or illness as this type of policy helps with daily expenses when the individual may not be able to work. These benefits are predetermined and are not based on any other types of insurance the policyholder might have.
Supplemental health insurance policies can be beneficial to the policyholder. Factors to consider when choosing a company and policy are health risk factors, savings, and how much insurance you can afford. These policies will help you and your family cover expenses that your health insurance may not cover or while your income may be temporarily or permanently stopped.