We care about Aflac’s policyholders affected by the recent weather:
To help provide relief for California policyholders residing in Santa Cruz County who were affected by the coastal storms, Aflac will provide a premium grace period starting Dec. 23, 2024, and ending Apr. 15, 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 wildfires:
To help provide relief for California policyholders residing in Los Angeles and Ventura Counties affected by the wildfires, Aflac will provide a premium grace period starting Jan. 7, 2025, and ending Mar. 10, 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.
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Life insurance can help provide security for loved ones when a main source of income is lost. Voluntary life insurance is a type of employer-provided life insurance that employees can opt into if they choose.1
In most cases, employees will pay scheduled premiums to keep the plan active. Sometimes, it can come directly from the employee’s paycheck.1 This feature may be attractive because they won’t have to worry about staying on top of another bill.
Read on to learn how voluntary life insurance can benefit employers and employees. We also offer individual whole and term life insurance policies, if getting voluntary life insurance through your employer isn’t an option.
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The main difference between the two is that voluntary whole life insurance will last the entire life of the employee. Whole life insurance plans can also help give employees access to the cash value. This feature accumulates over time.1
On the other hand, voluntary term life insurance lasts for a specific amount of time, like 10, 20, or 30 years. In term life insurance plans, there is no cash value component, and the plan doesn’t usually last as long. However, premium payments can be less expensive compared to whole life insurance.1
The specific benefits usually depend on the type of life insurance plan chosen. Typically, one can choose between voluntary term life insurance and whole. These plans can also be referred to as group life insurance.1
One of the main benefits offered is the guaranteed payment when an insured employee passes, otherwise known as the death benefit.1 If it is a voluntary term life insurance plan, the employee must pass during the specified term for the beneficiary to receive the payout. If it is a voluntary whole life insurance plan, the beneficiary will be guaranteed the death benefit whenever they pass.1 If the employer allows it, employees may be able to scale the amount of the death benefit up.
Another advantage of voluntary life insurance, both for whole and term, is that it’s usually portable. This portability factor allows employees to continue carrying their life insurance benefits, even if employment is terminated.1 However, this depends on each company’s unique guidelines.
Employers also have the option to make other riders or add-ons available to employees. One notable option is the ability to accelerate benefits. This can allow the guaranteed payment or death benefit to be paid out early if the employee falls terminally ill. Another popular option is life insurance options for partners, children, and other dependents.1
Don’t wait until it’s too late. Help cover yourself and your family with coverage from Aflac.
Get StartedIf you’re considering voluntary life insurance, getting coverage through your employer is typically less expensive than getting an individual life insurance plan.1 Another benefit is it may be simpler to apply for coverage through your employer than scouting out options for yourself.
If you’re an employer, voluntary whole or term life insurance may help provide employees peace of mind. Research shows that employees who feel safe are more likely to engage in team interactions, innovation, and productivity.2 This has the potential to be equally beneficial for everyone involved.
If you’re an employee and your company currently doesn’t offer voluntary life insurance, we encourage you to start the conversation. Here, we offer Aflac® Life Solutions – Whole Life and Term Life. Both options are available to individuals and businesses small and large.
If you’re an employee and the plans offered don’t provide the benefits you are looking for, or if voluntary life insurance is not offered, individual term or whole insurance may be a better choice.
Premium payments and coverage vary depending on the type of life insurance plan chosen. To see what your individual premium payments might look like, try our life insurance calculator. For a more detailed look, chat with an agent today to see how you can receive life insurance coverage.
Get Started
Wondering what life insurance plan is best for you? Find out which type of life insurance can offer you the best coverage.
Guaranteed issue life insurance doesn’t require health questions or a medical exam. Find out if guaranteed life insurance is right for you or a loved one.
Wondering what life insurance plan is best for you? Find out which type of life insurance can offer you the best coverage.
Guaranteed issue life insurance doesn’t require health questions or a medical exam. Find out if guaranteed life insurance is right for you or a loved one.
1 Investopedia-Voluntary Life Insurance Definition. Updated September 11, 2023. Accessed January 22, 2025. https://www.investopedia.com/terms/v/voluntary-life-insurance.asp.
2 Center for Creative Leadership - How Leaders Can Build Psychological Safety at Work. Published April 10, 2024. Accessed January 22, 2025. https://www.ccl.org/articles/leading-effectively-articles/what-is-psychological-safety-at-work/.
Content within this article 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 coverage is underwritten by American Family Life Assurance Company of Columbus. In New York, Aflac coverage is underwritten by American Family Life Assurance Company of New York.
Aflac life plans - B61000 series: In Arkansas, Idaho, Oklahoma & Virginia, Policies: ICC18B61JWO & ICC18B61JTO. In Delaware, Policies B61JWO, B61JTO. B60000 series: In Arkansas, Idaho, Oklahoma & Virginia, Policies: ICC18B60C10, ICC18B60100, ICC18B60200, ICC18B60300, & ICC18B60400. Not available in Delaware. Q60000 series/Whole: In Arkansas & Delaware, Policy Q60100M. In Idaho, Policy Q60100MID. In Oklahoma, Policy Q60100MOK. Not available in Virginia. Q60000 series/Term: In Delaware, Policies Q60200CM. In Arkansas, Idaho, Oklahoma, Policies ICC18Q60200C, ICC18Q60300C, ICC18Q60400C. Not available in Virginia.
Aflac Final Expense insurance coverage is underwritten by Tier One Insurance Company, a subsidiary of Aflac Incorporated and is administered by Aetna Life Insurance Company. Tier One Insurance Company is part of the Aflac family of insurers. In California, Tier One Insurance Company does business as Tier One Life Insurance Company (NAIC 92908).
In AR, DE, ID, OK and VA: Policies ICC21-AFLLBL21 and ICC21-AFLRPL21; and Riders ICC21-AFLABR22, ICC21-AFLADB22, and ICC21-AFLCDR22. Aflac Final Expense policies are not available in New York.
Coverage may not be available in all states, including but not limited to DE, ID, NJ, NM, NY, VA or VT. Benefits/premium rates may vary based on state and plan levels. Optional riders may be available at an additional cost. Policies and riders may also contain a waiting period. Refer to the exact policy and rider forms for benefit details, definitions, limitations, and exclusions.
Individual coverage is underwritten by Aflac. Group coverage is underwritten by Continental American Insurance Company (CAIC), a wholly-owned subsidiary of Aflac Incorporated. CAIC is not licensed to solicit business in New York, Guam, Puerto Rico, or the Virgin Islands. For groups sitused in California, group coverage is underwritten by Continental American Life Insurance Company.
Group Term Life (CAI9100R series)
In Arkansas, Policy CAI9100. In Idaho, Policy CAI9100R. In Oklahoma, Policy CAI9100OK. In Pennsylvania, Policy CAI9100PA. In Texas, Policy CAI9100TX. In Virginia, Policy CA9100RVA.
Group Term Life (92000 series – PLADS)
In Arkansas, Idaho, Oklahoma, Oregon, Pennsylvania, Texas, and Virginia, Policy ICC20 CDL1100. In New York, Policy AF92100NY.
Group Term Life (93000 series – T120)
In Arkansas, Idaho, Oklahoma, and Oregon Policy ICC22 C93100.
Group Whole Life (WL-9800-MP series)
In Arkansas, Policy WL9800-MP AR. In Idaho, Policy WL9800-MP ID. In Oklahoma, Policy WL9800-MP OK. In Pennsylvania, Policy WL9800-MP (PA). In Texas, Policy WL9800-MP. In Virginia, Policy WL9800-MP(VA).
Group Whole Life (C60000 series)
In Arkansas, Policy C60100. In Idaho, Policy C60100ID. In Oklahoma, Policy C60100OK, In Oregon, Policy C60100OR. In Pennsylvania, Policy C60100PA. In Texas, Policy C60100TX. In Virginia, Policy C60100VA.
Aflac | WWHQ | 1932 Wynnton Road | Columbus, GA 31999 | 800.992.3522
Continental American Insurance Company | Columbia, SC | 800.433.3036
Aflac New York | 22 Corporate Woods Boulevard, Suite 2 | Albany, NY 12211 | 800.366.3436
Z2400050R1
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