*Receipt of accelerated death benefits may affect eligibility for public assistance programs. Benefits may also be taxable, and are not expected to receive the same favorable tax treatment as other types of accelerated death benefits that may be available.
1 Nerdwallet - What Is Life Insurance and How Does It Work?. Updated August 31, 2022. https://www.nerdwallet.com/article/insurance/how-does-life-insurance-work. Accessed April 5, 2023.
2 Policygenius - How Does Life Insurance Work. Updated March 30, 2023. https://www.policygenius.com/life-insurance/how-does-life-insurance-work/. Accessed April 5, 2023.
3 Bankrate - What Does Life Insurance Cover. Updated March 13, 2023. https://www.bankrate.com/insurance/life-insurance/what-does-life-insurance-cover/. Accessed April 5, 2023.
4 Policygenius – What Kinds of Death Are Not Covered by Life Insurance? Updated March 9, 2023. https://www.policygenius.com/life-insurance/what-kinds-of-deaths-are-not-covered-by-term-life-insurance/. Accessed April 12, 2023.
5 Policygenius - How Long Does It Take to Get a Life Insurance Payout? Updated February 4, 2023. https://www.policygenius.com/life-insurance/how-quickly-do-life-insurance-companies-pay-out-death-claims/. Accessed April 5, 2023.
Life – 68000 Series - In Arkansas, Idaho, Oklahoma, Oregon, Pennsylvania, Texas, & Virginia, Policies: ICC1368100, ICC1368200, ICC1368300, ICC1368400. In Delaware, Policies A68100-A68400. In New York, NY68100-NY68400. Term/Whole Life – B60000 Series – In Arkansas, Idaho, Oklahoma, Pennsylvania, Texas, & Virginia, Policies: ICC18B60C10, ICC18B60100, ICC18B60200, ICC18B60300, & ICC18B60400. Group Whole Life - Q60000 Series - In Arkansas, Policy Q60100CAR. In Delaware, Policy Q60200M. In Idaho Policy Q60100CID. In Oklahoma, Policy Q60100co*k. In Oregon, Policy Q60100COR. In Texas, Policy Q60100CTX. Group Term Life Q60000 Series - In Delaware, Policies Q60200C. In Arkansas, Idaho, Oklahoma, Oregon, Texas, Policies ICC18Q60200C, ICC18Q60300C, ICC18Q60400C.
The content herein is provided for general informational purposes and is not provided as tax, legal, health or financial advice for any person or for any specific situation. Employers, employees and other individuals should contact their own advisers about their situations. For complete details, including availability and costs of Aflac insurance, please contact your local Aflac agent.
Aflac insurance coverage is underwritten by American Family Life Assurance Company of Columbus. In New York, coverage underwritten by American Family Life Assurance Company of New York.
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FAQs
Who buys supplemental insurance coverage and why? You may be a right fit for additional insurance coverage if you: Have a family history of certain types of diseases, such as cancer, heart disease, stroke, etc. Want additional financial protection in the event of unexpected accidents or injuries.
Does Aflac actually pay out? ›
We provide individuals and families affordable insurance that helps with expenses that may not be covered by major medical insurance. Aflac pays cash benefits directly to you (unless you specify otherwise), so you can use the cash for anything you want.
What does Aflac supplemental cover? ›
Supplemental insurance can complement a variety of health insurance plans by providing specific coverage for accident, cancer, critical illness, hospital, short-term disability, dental, and vision. We can help provide support in one or multiple of these areas.
Does Aflac deny pre existing conditions? ›
Pre-Existing Conditions Limitation: Aflac will not pay benefits for any period of disability that results, directly or indirectly, from Sickness or Injury for which you, during the 12 months prior to the most recent Effective Date of your insurance, incurred expenses, received medical treatment, took prescribed drugs ...
What is a good amount of supplemental life insurance? ›
How Much Supplemental Life Insurance Do I Need? Financial experts and insurance companies recommend having seven to 10 times your annual salary in life insurance, so if you earn $75,000 per year, the guideline would be $525,000 to $750,000 in coverage.
What is the average cost of a supplemental plan? ›
The average Medicare Supplement plan costs in every state
State | Monthly Cost | Rank from least expensive (1) to most expensive (51) |
---|
California | $162.93 | 45 |
Colorado | $127.76 | 29 |
Connecticut | $227.06 | 49 |
Delaware | $150.99 | 42 |
29 more rowsOct 4, 2023
What does Aflac not cover? ›
We will not pay benefits for confinement to an observation unit, or for emergency room treatment or outpatient treatment.
How much does Aflac pay out for an MRI? ›
$150 Aflac will pay $150 per calendar year when a covered person requires one of the following exams and a charge is incurred: CT scan, MRI (magnetic resonance imaging), EEG (electroencephalogram), thallium stress test, myelogram, angiogram, or arteriogram.
Does Aflac pay for Dr. visits? ›
Pays $25 for visits (including telemedicine) to a physician, psychologist or urgent care center. Limited to 3 visits per calendar year, per policy. Limited to 6 visits per calendar year, per policy. Laboratory test and X-ray benefit Pays $35; limited to 2 payments per covered person, per calendar year.
How much does Aflac pay for a mammogram? ›
After the waiting period, we will pay a $200 mammography benefit once per calendar year for mammography tests.
Health insurers can no longer charge more or deny coverage to you or your child because of a pre-existing health condition like asthma, diabetes, or cancer, as well as pregnancy. They cannot limit benefits for that condition either.
How much will Aflac pay for outpatient surgery? ›
Aflac's Coverage for Specific Surgeries
Type of Outpatient Surgery | Hypothetical Aflac Payout |
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Endoscopy | $350 |
Varicose Vein Operation | $400 |
Skin Biopsy | $300 |
Laparoscopy | $500 |
6 more rowsNov 9, 2023
Do you really need a Medicare Supplement plan? ›
Supplemental insurance is advisable for those with Medicare to help cover out-of-pocket costs and gaps in coverage, offering financial protection for deductibles, coinsurance, and other medical expenses not fully covered by Medicare.
What age should you get supplemental insurance? ›
If you are 65 or older, you may be able to purchase a Medicare Supplement insurance plan during the Medicare Supplement Open Enrollment Period. This period lasts for six months and begins on the first day of the month in which you are both 65 or older and enrolled in Medicare Part B.
Is Supplemental income Protection worth it? ›
Adding individual-owned disability income insurance to disability coverage you have through work helps protect more of your income by filling in the gaps. Having supplemental disability insurance equips you to be better prepared financially and protect more of your earnings.
Is supplemental accident insurance worth it? ›
Accident insurance works alongside your primary medical plan to help minimize those out-of-pocket expenses. This is one of the many reasons supplemental accident insurance is worth it. It's important to note that Aflac offers both payroll-deducted and personal accident insurance.