Aflac's most popular Accident policy pays people, via checks, if they are medically treated for any injury to their body that is not excluded from coverage (examples would be self inflicted injuries, or injuries sustained as a result of being intoxicated, or engaging in extremely high risk activities.)
It is not a replacement for health insurance, but instead provides the policyholder with cash they can use for any purpose. Here is a scenario in which the Accident Plan would be used:
A single mom works full time and supports, say, three children. She purchases the Accident Policy, either directly from Aflac, or as part of a payroll deduction program her employer offers. One day she gets a call from her child's school nurse. who informs her that one of her children has fallen off a jungle gym at recess and may have a broken arm.
The mother immediately leaves work (punches OUT) and goes to the hospital where her child has been taken. Doctor's take x-rays of the child's arm and confirm it is, indeed, broken. The child also received a concussion and for that reason is admitted to spend one night of observation in the hospital, and receives a head CT scan the following morning.
The mother loses a significant amount of time (days/weeks, maybe longer) at work to be at her child's side.
Here is what a typical Aflac Accident Plan would pay for that child's injuries (please note: these figures are just an approximate example; each state has their own version of the Accident Injury Policy, and payout amounts could differ)...
Initial Emergency Room Visit: $ 70.00
One night in the hospital: $1000.00
1st day in hospital $ 250.00
Fracture of arm: $ 100.00 - $1000.00 (depending on the size, type, and
extent of the fracture.)
CT scan of head: $ 200.00
Follow up visits to dr. $ 35.00 - $210 (maximum of six per injury)
Physical Therapy $ 35.00 - $350 (maximum of ten per injury)
Total pay-out: $2,380.00 (I chose $300 as the fracture benefit)
This money would paid in a check to the policyholder (the mother) to use for whatever she wishes; rent, mortage, groceries, co-pays, etc.
Please also note: There is by no means a comprehensive explanation of the Accident Policy. It offers many other benefits I didn't mention here (such as surgical benefit, accident life insurance, ambulance benefits, etc.)
In some states, the Accident Plan pays a 'Wellness Benefit" after 12 months of paid premium, and every policy year thereafter. The wellness check can be from $50-and up depending on the state when the policyholder or a member of the family listed on the policy gets their annual physical.
The accident plan's premium varies by state and industry, an approximate cost for a single family would be $9 a week, deducted pre-tax.
Not a reasonable question. AFLAC is an insurance company.
AFLAC is licensed to sell in every state.
transamerica life settlement has a form for former cancer policyholders. Are you the same as aflac insurance?
Yes, you are in luck. The AFLAC does offer ski insurance for individuals who are interested. I highly suggest that you check them out and consider them for your insurance needs.
The Aflac website is the best place to get authentic information about the Aflac hospitalization insurance. It is also useful to read consumer reviews about an insurance provider before making the final decision.
A better way to frame that would be 'Whom does Aflac insure?" Aflac insures people. It is supplemental health insurance, although they also sell disability, which is a form of income insurance.
AFLAC stands for American Fidelity Life Insurance Company of Columbus (Ohio). Therefore, the answer to your question is "No".
Aflac is very comparable with other insurances. Alfac, Geico and Progressive are the leaders in car, home and life insurances. Aflac also provides motorcycle insurance.
Aflac stands for: American Family Life Assurance Company
AFLAC offers supplemental life insurance policies to individuals in an amount that suits the individual's needs. AFLAC is also offered to businesses so they, in turn, can offer it to their employees.
Aflac Dental Insurance provides a wide variety of insurance plans involving dental care. Each plan is tailored to a client's needs and budget. Aflac is known for offering great coverage at an affordable premium rate.