Aflac Supplemental Insurance (2024)

FAQs

Does Aflac actually pay out? ›

Aflac pays cash benefits for covered accidental injuries directly to you, unless assigned. Your own peace of mind and the assurance that your family will have help financially are powerful reasons to consider Aflac.

Feel confident in your coverage by working with Aflac, one of the leading supplemental health insurance companies in the industry.

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.

Here's why the Aflac group disability plan is right for you. The Aflac group disability plan benefits: Benefits are paid when you are sick or hurt and unable to work, up to 60 percent of your salary (up to 40% in states with state disability). Minimum and Maximum Total Monthly Benefit – $300 to $6,000.

For many, supplemental health coverage can be a cost-effective way to help with out-of-pocket costs. Here are a few of the advantages to supplemental health insurance plans: They typically come with affordable monthly premiums. They can offer financial support when you experience unexpected medical situations.

ACCIDENT SPECIFIC-SUM INJURIES BENEFITS: When a Covered Person receives treatment under the care of a Physician for Accidental Injuries sustained in a covered accident, Aflac will pay specified benefits ranging from $25– $10,000 for dislocations, burns, skin grafts, eye injuries, lacerations, fractures, concussion, ...

We will not pay benefits for confinement to an observation unit, or for emergency room treatment or outpatient treatment.

Supplemental health insurance typically covers services that your other health plan does not — such as dental or vision costs. Because chances are, your medical insurance plan isn't going to cover everything. Completing your coverage with supplemental plans can save you money and help protect against unexpected costs.

Some supplemental health insurance plans cover specific services, such as cancer treatments. Others may help reduce the financial burden of a major illness or accident by providing a lump-sum of money that you can use for medical treatments or household expenses.

You can cash out supplemental life insurance if it's a permanent policy since permanent policies build cash value. You can take out a loan against your cash value or make withdrawals from it while you're alive. Most supplemental plans are term life insurance, which doesn't build cash value and can't be cashed out.

Is $500 000 good for life insurance enough? ›

Is a $500,000 life insurance policy the best for you? Whether a $500,000 life insurance policy is best for you can depend on the specifics of your situation. For someone, $500,000 in life insurance might be more than enough while others may benefit from having a $1 million life insurance policy instead.

However, an employee with a more prominent family may require several times that amount of coverage to take care of a spouse or children if they unexpectedly die. Supplemental insurance can fill in the gaps of an employer-sponsored plan.

Many Aflac policies range anywhere from $8 to $25 or more per month. You can contact Aflac directly for more information on specific supplemental insurance plans that pique your interest.

The 100 percent disability rating is often awarded to veterans with two or more limbs that have been amputated or paralyzed or for veterans with active service-related diseases such as cancer, severe cardiac conditions, or psychiatric conditions such as PTSD, bipolar, depression, or schizophrenia.

However, short-term disability can be a valuable asset for almost anyone wanting a safety net if they become ill or injured for a few weeks to a few months. Ask your employer if they offer Aflac short-term disability insurance and apply immediately to give yourself extra financial security.

It will depend on the type of claim filed whether you'll receive lump sum payment or payments throughout treatment. Either way, if filing online and assuming all necessary documentation is present, payment turnaround should be 24-48 hrs. If filing via fax or mail, it will be longer.

Aflac Short-Term Disability Insurance can help provide income protection while you are unable to work due to a covered sickness, injury or mental health condition so you can focus on recovery.

You can use the payout to help cover any medical and non-medical expenses as you go through cancer treatment. Aflac is pleased to offer affordable cancer insurance with a lump-sum payout.

How will I get my money? The fastest way to get paid is to enroll in direct deposit. Once you've registered and logged in at aflac.com/login, go to My Account in the top right corner of your screen. Select Manage Account and choose the Billing and Direct Deposit option.