Aflac Incorporated – Company Overview
Aflac Incorporated – Company Overview
Founded: 1955
Headquarters: Columbus, Georgia, USA
CEO: Daniel P. Amos
Industry: Insurance
Market: Global, with a strong presence in the United States and Japan
Ticker Symbol: AFL (NYSE)
Aflac Incorporated is a leading supplemental insurance company in the United States and Japan. The company is best known for its supplemental health and life insurance policies. Aflac’s insurance products are designed to help policyholders cover expenses that major medical insurance doesn’t typically cover, such as out-of-pocket expenses related to illness or injury.
Insurance Plans Offered by Aflac
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Accident Insurance
- Provides cash benefits for expenses resulting from covered accidents, such as emergency treatment, hospital stays, and other related expenses.
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Cancer Insurance
- Offers coverage for various cancer-related expenses that may not be fully covered by traditional health insurance, including treatment costs, hospital stays, and associated care.
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Critical Illness Insurance
- Covers major health events like heart attacks, strokes, and organ transplants, offering lump-sum benefits that can be used for recovery expenses, treatment, or daily living costs.
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Hospital Indemnity Insurance
- Pays cash benefits for hospital stays and related services, which can help cover copayments, deductibles, and other out-of-pocket expenses.
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Life Insurance
- Offers both term and whole life insurance policies, providing financial protection for beneficiaries in the event of the policyholder’s death.
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Short-Term Disability Insurance
- Provides income replacement benefits in case of a temporary disability that prevents the policyholder from working.
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Dental and Vision Insurance
- Covers routine dental care, orthodontics, eye exams, glasses, and contact lenses, among other related services.
Aflac’s policies are typically sold as voluntary benefits through employers, allowing employees to choose the coverage that best fits their needs and budgets.