Aflac Assurance Company: Accident, Dental, Disease, Cancer, Life, Vision Insurance

Aflac

www.aflac.com
NYSE: AFL
(Finance: Insurance Services)

Aflac was first founded in 1955 and has grown to become the largest provider of supplemental insurance in the United States. Aflac is headquartered in Columbus, Georgia, but offers insurance services in Japan, where the company is the largest provider of life insurance and the second largest insurer overall.

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Services
Accident Insurance, Dental Insurance, Life Insurance, Hospital Insurance, Disability Insurance, Vision Insurance

Overview
Aflac is a leading insurance provider that offers multiple areas of coverage, including accident, specified disease, dental, life, short term disability, and vision. Aflac is highly regarded by its customers, as evident with the insurer appearing in the top ten on the 2010 Forrester’s Customer Advocacy survey, plus the company is named Most Ethical Company for the fourth consecutive year by Ethisphere Magazine.

Accident insurance from Aflac covers out-of-pocket expenses for broken teeth, intensive care, lacerations, visits to the emergency room, plus both ground and air ambulance fees.

With specified disease insurance, a policy can protect you from major medical costs by covering deductibles, visits to specialists, travel and lodging, childcare, and even experimental cancer treatments.

A lump sum cancer insurance policy, Aflac provides the customer with a pre-established lump sum of money when cancer is diagnosed.

The specified health event insurance policy compensates for a serious health event, such as a heart attack or paralysis.

For additional information about the above mentioned policies, plus standard policies, including dental, life, and disability insurance, contact Aflac or an Aflac agent directly.

If you are currently an Aflac customer and wish to file a claim, visit the company’s website and jumpstart the claim process through SmartClaim℠.

Aflac, American Family Life Assurance Company, is a leading insurance company that helps their clients to lessen their financial losses during periods of illness or disability through selling supplemental health and life insurance. These policies can include coverage for accidents, dental, intensive care, vision, and short-term disability. In addition, Aflac offers insurance coverage for specific conditions, such as cancer. Aflac is not only the leading supplier of supplemental insurance in the US, but also an industry leader in Japan’s cancer-insurance market, with more than 14 million policies. Aflac’s provides policies that pay cash benefits for emergency treatment, hospital confinement, and medical appliances.

Though Aflac is a US company, over 70 percent of its insurance sales originate in Japan, where their policies meet the needs of customers that aren’t provided by the national health care system. Currency fluctuation between the Yen and US dollar makes preparing earnings reports slightly more difficult. Furthermore, Japan’s deregulation of the insurance industry has increased competition, but at the same time residents are seeing that more health care related costs are not being covered by government sponsored care, making Aflac and similar providers more attractive.

The process for selling insurance in Japan, is done through the formation of agencies in which corporations set up subsidiaries to offer Aflac insurance to its employees. With the deregulated life insurance industry, Aflac has created a marketing partnership with Dai-ichi Life Insurance, one of Japan’s largest life insurers over the past decade. The changes to the law allow Aflac insurance policies to be sold through banks and post offices, plus specific retail locations have been set up to sell policies directly to consumers.

In the US, Aflac mainly sells their insurance services through corporations, where the company will commonly deduct a policy holder’s premium from their paycheck. Aflac has also invested in its US business through brand recognition, many may recall the Aflac spokes duck in their television ads, and through expanding its distribution to include insurance brokers.

In 2009, Aflac purchased Continental American Insurance Company for $100 million and its payroll-deducted insurance products are sold through brokerages and marketing groups.

Dan Amos, Chairman and CEO, holds 9 percent of Aflac, which was founded by his father and uncles.

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