Aflac reimagines term life insurance to help close the financial security gap for more Americans
COLUMBUS, Ga., July 25, 2023 /PRNewswire/ -- Chronic diseases are the leading causes of illness, disability and death in the U.S., according to the Centers for Disease Control and Prevention.1 Addressing the need for better options for Life Insurance, Aflac, a leading provider of supplemental health insurance products in the U.S., announced today the launch of a new product, Aflac Group Life Term to 120, to provide worksite life insurance with flexible living benefits and affordable rates that won't increase across employees' lifespans.
- "Aflac's Term Life to 120 product is designed so that it is easy to use whenever it's needed.
- Aflac Group Term to 120 offers more than the typical life insurance with:
Hybrid plan design that merges the most attractive features of a term life plan and a permanent life plan to give consumers what they value most. - Extension of chronic conditions periodic payment rider adds an additional 25 monthly payments, equal to 4% of the life insurance benefit amount for chronic conditions.
- *Aflac's Group Term to 120 product defines a lifetime as up to 120 years of age to guarantee individuals do not outlive their coverage.