Aflac Logo
star_border star_border star_border star_border star_border
0 User Reviews
LAST UPDATED: June 27th, 2019

Aflac is the largest provider of supplemental insurance in the United States. It was founded in 1955 and is based in Georgia. Founded under the name American Family Life Assurance Company, it was abbreviated to Aflac in 1990. More than 98 percent of Aflac policies are issued on a payroll deduction basis. 

Top Ranked Companies

Hiscox Logo
Hiscox chevron_right
0.0
star_border star_border star_border star_border star_border
(0)
Nationwide Logo
Nationwide chevron_right
0.0
star_border star_border star_border star_border star_border
(0)
thumb_up

The Good

  • Payroll Deduction
  • Largest Provider in the United States
  • Wide Variety of Policies

Payroll Deduction

Aflac is unique in the sense that most of their policies are issued on a payroll deduction basis, making them a leader in that approach to policy distribution. In most cases, these policies are sponsored by the employers which adds to the convenience of paying for the coverage.

Largest Provider in the United States

Alfac is the largest provider in the United States and currently services over 50 million customers. The company has appeared on Fortune’s Most Admired Companies list for the last 17 years and has also been named to the Dow Jones Sustainability Index in North America for the last six consecutive years.

Wide Variety of Policies

Aflac’s many policies include the following:

  • Accident, Cancer/Specified Disease
  • Dental
  • Hospital Confinement Indemnity
  • Hospital Confinement Sickness Indemnity
  • Hospital Intensive Care
  • Life
  • Lump Sum Cancer
  • Lump Sum Cancer Critical Illness
  • Specified Health Event
  • Short Term Disability
  • Vision

 

thumb_down

The Bad

  • Non Business Specific
  • Higher Premiums

Non Business Specific

Aflac is tailored to the individual as opposed to the business at large, which can definitely be something to consider when looking for a business policy provider. Due to its wide variety of policies, the company could be spreading itself a bit too thin on the coverages and what it can offer.

Higher Premiums

Consumer groups have said that cancer insurance returns fewer premium dollars to policyholders than the standard insurance. Aflac has stated that they pay back 62.4 percent. It seems in general the premiums are higher and the payback is a bit lower than the industry standard. 

gavel

The Bottom Line

Aflac is an established company with an established reputation and offers a wide variety of coverages. For an individual, it’s definitely recommended. For a business it’s less ideal, as it is primarily tailored to individuals. The company’s payroll deductions make for easy payment processing and could offset the higher premiums.

Was this content helpful?
thumb_up Yes thumb_down No

Star Rating

0.0

star_border star_border star_border star_border star_border

0 Reviews

Review Breakdown

5 grade

0%

4 grade

0%

3 grade

0%

2 grade

0%

1 grade

0%

Sentiment Criteria

Value

star_border star_border star_border star_border star_border

Quality

star_border star_border star_border star_border star_border

Service

star_border star_border star_border star_border star_border

Trustworthiness

star_border star_border star_border star_border star_border
Be the first to leave a review.

We're on a mission to empower consumers to make the best decisions and connect confidently with companies that deserve their business.

© 2021 BestCompany.com LLC - All rights reserved Privacy Policy | Terms | Do Not Sell My Personal Information