Notifications from Aflac

We care about Aflac’s policyholders affected by the recent wildfires:

To help provide relief for Oregon policyholders residing in Oregon who were affected by the wildfires, Aflac will provide a premium grace period starting Sept. 3, 2025, and ending Nov. 26, 2025. This grace period also provides an extension of filing deadlines for claims and leniency for any other action required under the policy. Aflac will provide a replacement copy of the policy upon request by the policyholder.

For Network Dental and Vision Members:

This grace period also provides an extension of filing deadlines for claims; relaxation of prior authorization, precertification, and referral requirements; access to appropriate out-of-network providers due to unavailability on in-network providers or the members’ displacement; and leniency for any other action required under the certificate. A replacement copy of the certificate will be provided upon request by the certificate holder. Affected members should contact Aflac Benefit Solutions (formerly Argus Dental and Vision) at 855-819-1873, Option 1, for assistance.


We care about Aflac’s policyholders affected by the recent weather:

To help provide relief for Arizona policyholders residing in Gila, Mohave, and Maricopa Counties affected by the heavy rains, Aflac will provide a premium grace period starting Sept. 25, 2025, and ending Jan. 13, 2026. This grace period also provides an extension of filing deadlines for claims and leniency for any other action required under the policy. Aflac will provide a replacement copy of the policy upon request by the policyholder.

For Network Dental and Vision Members:

This grace period also provides an extension of filing deadlines for claims; relaxation of prior authorization, precertification, and referral requirements; access to appropriate out-of-network providers due to unavailability on in-network providers or the members’ displacement; and leniency for any other action required under the certificate. A replacement copy of the certificate will be provided upon request by the certificate holder. Affected members should contact Aflac Benefit Solutions (formerly Argus Dental and Vision) at 855-819-1873, Option 1, for assistance.


We care about Aflac’s policyholders affected by the recent weather:

To help provide relief for Alaska policyholders and certificate holders residing in Northwest Arctic Borough, North Slope Borough, Kusilvak Census Area, Bethel Census Area, Nome Census Area, and Aleutians West Census Area who are affected by the storm, Aflac will provide an extended premium grace period starting Oct. 9, 2025, and ending Dec. 15, 2025. This grace period also includes an extension of filing deadlines for claims and leniency for any other actions required under the policy or certificate. In addition, Aflac will relax prescription drug benefit guidelines to allow payment of claims when a covered prescription drug is refilled prior to the usual 30-day limit. Policyholders and certificate holders may also request a replacement copy of their policy or certificate.

For Network Dental and Vision Members:

Aflac is providing temporary relaxation of precertification and referral requirements. Members will have access to appropriate out-of-network providers if in-network providers are unavailable or if they have been displaced, and leniency will be provided for any other actions required under the certificate. Affected members should contact Aflac Benefits Solutions (formerly Argus Dental and Vision) at 855-819-1873, option 1, for assistance.


Aflac offers premium grace period for federal government employees:

Aflac is offering a grace period for premium payments to help provide relief for policyholders employed by the Federal government who are not receiving pay during the government shutdown. This grace period will begin on October 1, 2025, and extend until payroll resumes for these government employees. Eligible policyholders may inquire about the grace period by calling (888) 515-1941.


We care about Aflac’s policyholders affected by the recent wildfires:

To help provide relief for California policyholders residing in Tuolumne and Calaveras Counties affected by the Lightning ignited fires, Aflac will provide a premium grace period starting Sept. 2, 2025, and ending Nov. 18, 2025. This grace period also provides an extension of filing deadlines for claims and leniency for any other action required under the policy. Aflac will provide a replacement copy of the policy upon request by the policyholder.

For Network Dental and Vision Members:

This grace period also provides an extension of filing deadlines for claims; relaxation of prior authorization, precertification, and referral requirements; access to appropriate out-of-network providers due to unavailability on in-network providers or the members’ displacement; and leniency for any other action required under the certificate. A replacement copy of the certificate will be provided upon request by the certificate holder. Affected members should contact Aflac Benefit Solutions (formerly Argus Dental and Vision) at 855-819-1873, Option 1, for assistance.


We care about Aflac’s policyholders affected by the recent weather:

To help provide relief for California policyholders residing in Trinity County affected by the Dec. 15, 2024, and Dec. 29, 2024, winter storms, Aflac will provide billing leniency for impacted insureds, an extension of filing deadlines for claims and leniency for any other action required under the policy. Aflac will provide a replacement copy of the policy upon request by the policyholder. Affected members should contact Aflac at 800-992-3522 for assistance.

For Network Dental and Vision Members:

This also provides an extension of filing deadlines for claims and leniency for any other action required under the certificate. Affected members are not required to obtain prior approval when accessing appropriate out-of-network providers when in-network providers are unavailable. The cost-sharing for out-of-network will be in amount equal to cost-sharing affected members would have paid for the provision of that service in-network. A replacement copy of the certificate will be provided upon request by the certificate holder. Affected members should contact Aflac Benefit Solutions (formerly Argus Dental and Vision) at 855-819-1873, Option 1, for assistance.


We care about Aflac’s policyholders affected by the recent levee failure:

To help provide relief for California policyholders residing in San Joaquin County affected by the Oct. 21, 2024, Victoria Island Levee failure, Aflac will provide billing leniency for impacted insureds, an extension of filing deadlines for claims and leniency for any other action required under the policy. Aflac will provide a replacement copy of the policy upon request by the policyholder. Affected members should contact Aflac at 800-992-3522 for assistance.

For Network Dental and Vision Members:

This also provides an extension of filing deadlines for claims and leniency for any other action required under the certificate. Affected members are not required to obtain prior approval when accessing appropriate out-of-network providers when in-network providers are unavailable. The cost-sharing for out-of-network will be in amount equal to cost-sharing affected members would have paid for the provision of that service in-network. A replacement copy of the certificate will be provided upon request by the certificate holder. Affected members should contact Aflac Benefit Solutions (formerly Argus Dental and Vision) at 855-819-1873, Option 1, for assistance.


We care about Aflac’s policyholders affected by the recent wildfires:

To help provide relief for California policyholders residing in Los Angeles and Ventura Counties affected by the wildfires, Aflac will provide billing leniency for impacted insureds, an extension of filing deadlines for claims and leniency for any other action required under the policy. Aflac will provide a replacement copy of the policy upon request by the policyholder. Affected members should contact Aflac at 800-992-3522 for assistance.

For Network Dental and Vision Members:

This also provides an extension of filing deadlines for claims and leniency for any other action required under the certificate. Affected members are not required to obtain prior approval when accessing appropriate out-of-network providers when in-network providers are unavailable. The cost-sharing for out-of-network will be in amount equal to cost-sharing affected members would have paid for the provision of that service in-network. A replacement copy of the certificate will be provided upon request by the certificate holder. Affected members should contact Aflac Benefit Solutions (formerly Argus Dental and Vision) at 855-819-1873, Option 1, for assistance.


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Is Whole Life Insurance a Good Investment?

Whole life insurance from Aflac is a type of permanent life insurance that provides lifelong coverage if you continue to pay premiums. In addition to a death benefit, whole life insurance policies build cash value, making them an investment vehicle as well as an insurance product. Whole life insurance is more expensive than term life insurance, but it may be worth the higher cost in certain situations. Here, we explore when life insurance is worth it as a good investment for your family’s future.

4 Min Read

Key Takeaways

  • Whole life insurance pays a death benefit to designated beneficiaries, which may increase over the time you pay your premiums due to the policy’s cash value component.
  • Whole life insurance may be worth it if you have a bigger budget and want to provide more substantial financial protection for your family after your death.
  • Aflac offers whole life insurance policies for individuals and families that accrue cash value and offer comprehensive coverage.

What is whole life insurance?

Whole life insurance is a permanent policy that offers lifelong coverage if you continue to make your fixed premium payments. No matter when you pass away, your beneficiaries will collect a guaranteed payout or death benefit. Whole life policies also have a cash value component, which will accrue interest over time, increasing the value of the policy. You may borrow against this value or receive cash benefits from the policy while you’re still alive through living benefits.

Whole life insurance vs. term life insurance

Term life and whole life insurance are two popular policy options that are available through Aflac. Here are some key differences between the two types of policies:

  • Term life insurance pays your beneficiaries a death benefit if you pass away while the policy is in effect. Policies typically last between 10 and 30 years. These policies do not have a cash value component and are therefore usually have more cost-effective premiums than whole life policies.
  • Whole life insurance will cover you throughout your lifetime, rather than a set period of time. It pays out a guaranteed death benefit amount and comes with a cash value component you can tap into while you’re still alive, under certain circumstances. Due to its lifelong coverage and cash value account, a whole life policy comes with higher premiums.1

Is whole life insurance worth it?

Whole life insurance can be worth the cost if you want coverage for the rest of your life. It can be a good investment for your family’s future and provide financial flexibility through living benefits you can access while you’re still alive.

However, it isn’t the right option for everybody. Here are some key considerations when deciding if it’s right for your family:

  • Dependents: If you believe your dependents will only require your assistance for another few years before becoming financially independent themselves, term life insurance might make more sense. But if you have a dependent with a disability who will need lifelong coverage, for example, whole life insurance may be a better fit.2
  • Financial goals: If your primary goal is to help protect your partner and children financially with a death benefit in the event you suddenly pass away, term life insurance may be your best bet. However, if you’d like to diversify your investments or leave a larger financial legacy, whole life insurance with cash value could be a better option.
  • Debts: If you have several large debts to repay, whole life insurance may be a better option than term life. Take an inventory of your debts, which may include a mortgage, car loans, and student loans, and consider if a whole life policy’s cash value will make it easier for your beneficiaries to pay off those debts after you pass.
  • Budget: If you’re okay with higher premiums in exchange for lifelong coverage and a cash value component, whole life insurance may be a viable option. If low premiums are your priority, you should consider a term life policy instead.
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When whole life insurance is a good investment

Whole life insurance is more expensive than term life insurance. However, it may be worth the investment in the following scenarios.

You have lifelong dependents

If you have lifelong dependents, such as a partner or children with disabilities, who would not be able to support themselves financially without your income, whole life insurance can provide peace of mind.

You want to diversify your investments

A comprehensive long-term financial strategy may include multiple different types of investments. If you want to diversify your investments, the cash value of a whole life insurance policy offers a stable investment option. The whole life insurance cash value component grows at a set rate, meaning you can enjoy guaranteed returns that aren’t subject to market fluctuations.

You want to get tax advantages

Any increase in the cash value of a whole life policy is not subject to income tax while the cash remains in the policy. This can help make investing in whole life insurance worth it.

You want to use the money in your lifetime

Living benefits of life insurance can pay you an income from your accrued cash value, allowing you to supplement a fixed income in retirement. You can also borrow against the value of a whole life insurance policy, so if you want to buy a business, renovate your home, or finance an education, the policy value can serve as collateral.

How much whole life insurance do I need?

The amount of whole life insurance you need depends on your particular situation. However, considering factors like the financial obligations you’d like to cover, your budget, and personal preferences can help you make an informed decision. A good rule of thumb is to apply for coverage worth at ten times your annual salary.3 You can always consult a financial advisor to steer you in the right direction.

Get a quote for whole life insurance

Whole life insurance may be worth it for people with lifelong dependents or those looking to diversify their investment strategies. Aflac offers whole life insurance for individuals and families with more flexibility and consistent premiums. Coverage will last your entire life, and you’ll be able to access the cash value account while you’re still alive. Chat with an agent to learn more and get a quote today.

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Learn more about Aflac products for Individuals & Families: