We all know that life insurance helps protect our loved ones for the long term, but there are so many different types of Life insurance to choose from. Also, there are always exams, rising costs and other hurdles that make it hard, confusing, or simply impossible to obtain. This plan makes it extremely simple for eligible employees to obtain life insurance that they can depend on.
Employees can obtain Aflac’s Whole Life insurance plan with coverage ranging from $5,000- $300,000 dollars.
What makes this plan simple to understand is that this is a fixed rate plan. That means, that no matter what, your cost will never increase over time due to retirement, birthdays, a major diagnosis, or you leave employment This plan will follow you wherever you go and the cost will remain the same.
Currently we can offer this plan without any medical questions asked or medical exams to complete. That means that Employees can get up to $100,000 in coverage without any worry that they can be denied or asked to pay a higher price. Please note the guaranteed issue portion of this plan has only been approved for this year, 2021.
Spouses and domestic partners are also able to get a plan without any questions or exams but are limited to $25,000 in coverage. Children can get up to $25,000 too, but a few medical questions are asked.
Another great option is the Child Term Insurance Rider. This provides all your dependent children with $10,000 of coverage (without answering medical questions) until they reach the age of 26 for one low price. Please note, that in order to get the term rider for the children, the employee must enroll in at least $10,000 of coverage as well.
Here are some highlights:
- Guaranteed Issue – no denials as long as you are currently an active employee.
- Prices locked if for the rest of your life. No increases.
- Coverage starts the day you enroll, not the plan effective date like the other plans.
- Coverage never decreases or is terminated due to claim history or age.
- Coverage for children, spouses and domestic partners is available.