It’s easy to find a life insurance company, but difficult to find the right life insurance company. Sure, your neighbor or brother has a great life insurance policy with Aflac—and recommends you get the same—but is that really the best insurance company to suit your needs? TermLife2Go helps you compare life insurance quotes to get the best deal available from the top rated companies.
AFLAC Life Insurance Review
Life insurance is something we all need—it’s the protection our family deserves. Some people trust Aflac to provide them with life insurance coverage. Is Aflac right for you? Keep reading this review of Aflac to find out.
If you know someone who trusts Aflac as a life insurance company, that wouldn’t be surprising. In fact, more than 50 million people across the globe have purchased life insurance products from Aflac. Though not as old as some life insurance companies, Aflac has been around since 1955. Despite being fairly young in life insurance years, Aflac has won the trust of millions.
According to Eastbridge Consulting Group’s “U.S. Worksite/Voluntary Sales Report. Carrier Results for 2012”, Aflac is the top provider of voluntary life insurance at work places in the United States of America. Source
Ratings for Aflac
How Aflac rates with the top independent rating agencies in the United States:
- A.M. Best: A+
- Standard & Poor’s: AA-
- Moody’s: A3
These ratings are like a vote of confidence. Rating agencies judge a financial institution such as a life insurance company based on reliability, financial strength, and prospect for the future. Top ratings for Aflac from all three of the most reliable ratings agencies should assure any potential buyer that Aflac is a respectable life insurance company and a great option for a life insurance policy.
Types of Life Insurance Coverage Offered by Aflac
Aflac no medical exam life insurance is only available through payroll deduction. Please be aware of the potential pitfalls of only having life insurance with your employer.
Like most life insurance companies, Aflac offers both whole life insurance and term life insurance.
Term Life Insurance with Aflac:
- Available terms: 10, 20, and 30 years
- Level term life insurance policies are available from 18-68 years old, and have death benefits of $50,000-$200,000.
Universal Life Insurance with Long Term Care Benefits
- Universal life insurance offers a flexible death benefit and premium payment
- Up to $300,000 in coverage
- living benefits covering long term care
Guaranteed Issue Life Insurance Policy:
Guaranteed means you will not be required to take a medical exam or answer medical questions in order to have this kind of life insurance policy underwritten. As the name suggests, you’re guaranteed to qualify. If you have an underlying health issue such as:
- Heart problems
- High blood pressure
- High incidences of cancer in your family
Or any other major medical issues, then getting a guaranteed-issue life insurance policy may be best for you. You should know that often times life insurance policies that don’t require any medical information are more expensive and/or offer less life insurance coverage. However, for some people this is still the best and most reliable life insurance option.
Portable Life Insurance
If you get your life insurance policy via your employer, it isn’t always transferable when you switch jobs. Aflac, however, is different. Even when you purchase a life insurance policy with Aflac through your employer, you still may be eligible to take your policy with you when you change companies or even retire.
Juvenile Life Insurance Coverage
Not all life insurance companies offer life insurance for kids under 18, but Aflac does. Aflac’s life insurance policies for children aren’t only valid when they are kids—you can convert them into adult policies once the child reaches 18. When you purchase a life insurance policy for your child, you are helping them to prepare for a better future, and secure more affordable life insurance rates.
Short Term Disability Insurance
Aflac provides employer based short term disability insurance (STD) through work-site payroll deduction. If you suffer from a qualifying illness or injury, STD insurance provides income replacement to help you during a very stressful time, both emotionally and financially.
Short term disability insurance is a good addition to any asset protection plan since it protects your income when you are most vulnerable to financial problems. And by adding an additional individual long term disability insurance policy to your coverage, you will be protected from the financial dangers of disability, including losing your home and bankruptcy.
Overall View of Aflac
Aflac is a great life insurance company, and most of their customers are satisfied with their product and customer service. Aflac is a young but ubiquitous company; you will find Aflac in all 50 states and abroad. They have competitive pricing that makes it a great option. They also offer various riders that are really helpful in customizing your policy such as accidental death, child protection, and spouse protection.
However, Aflac policies are normally only available through your employer, so this is a drawback if you are looking for individual life insurance coverage outside of what your employer may have to offer.
Is Aflac right for me?
Well, that’s a weighted question that can’t be answered in a simple blog post. Why? Because we don’t know you, and to really tell you if Aflac—or any other life insurance company—is right for you, then we need to know about you. Even if a life insurance company is perfect for one person, it may not be for another—and that’s what we need to find out before we can tell you if Aflac is best for you.
When you call TermLife2Go, we will assess everything about you that a life insurance company would. Then, we take that information and see what different life insurance companies would offer you. We work with dozens of top rated life insurance companies in the United States—including Aflac—but we will only recommend the companies that will give you the best life insurance coverage.
So, what are you waiting for? Give us a call today or visit our Term Life Insurance Quotes page and see what we can do for you!
Thank you for reading our Aflac Life Insurance Review. Please leave any questions or comments below.