We care about Aflac’s policyholders affected by the recent wildfires:
To help provide relief for Utah policyholders residing in Utah who were affected by the wildfires, Aflac will provide a premium grace period starting July 31, 2025, and ending Sept. 29, 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 Humboldt, Mendocino, Modoc, Napa, Shasta, Sonoma, and Trinity Counties affected by the winter storms, Aflac will provide a premium grace period starting Jan. 31, 2025, and ending Sept. 29, 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 North Dakota policyholders residing in North Dakota who were affected by the severe summer storms and tornadoes, Aflac will provide a premium grace period starting June 21, 2025, and ending Aug. 20, 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 Oregon policyholders residing in Oregon who were affected by the wildfires, Aflac will provide a premium grace period starting July 16, 2025, and ending Sept. 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 Oregon policyholders residing in Crook County who were affected by the wildfires, Aflac will provide a premium grace period starting July 12, 2025, and ending Sept. 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.
We care about Aflac’s policyholders affected by the recent flooding:
To help provide relief for Texas policyholders and/or certificate holders residing in Bandera, Bexar, Burnet, Caldwell, Coke, Comal, Concho, Gillespie, Guadalupe, Kendall, Kerr, Kimble, Llano, Mason, McCulloch, Menard, Reeves, San Saba, Tom Green, Travis, and Williamson counties who were affected by the flooding, Aflac will provide an extended premium grace period starting July 2, 2025, and ending Sept. 8, 2025. This grace period also includes an extension of filing deadlines for claims and leniency for any other actions required under the policy and/or certificate. Aflac will provide a replacement copy of the policy and/or certificate upon request by the policyholder and/or certificate holder.
For Network Dental and Vision Members:
This grace period also includes an extension of filing deadlines for claims; temporary relaxation of prior authorization, precertification, and referral requirements; access to appropriate out-of-network providers due to unavailability of in-network providers or member displacement; and leniency 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.
We care about Aflac’s policyholders affected by the recent wildfires:
To help provide relief for Oregon policyholders residing in Klamath County who were affected by the wildfires, Aflac will provide a premium grace period starting July 8, 2025, and ending Sept. 08, 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 Oregon policyholders residing in Umatilla County who were affected by the wildfires, Aflac will provide a premium grace period starting July 2, 2025, and ending Sept. 02, 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 provide relief for New Mexico policyholiders and/or certificate holders residing in Grant County and affected by the Trout Fire, Aflac will provide the following protections for policyholders and/or certificate holders: Provide an extended premium grace period from Thursday, Jun. 12, 2025 through Monday, Sep. 15, 2025. Offer policyholders and/or certificate holders a payment plan of no less than six (6) months if unable to pay the delinquency after the extended day grace period (This applies to all coverages except life.). Work with policyholders and/or certificate holders on premium payments to prevent lapse and cancellation of policies. Waive late fees and penalties. Waive early refill time limits on active prescriptions. Allow additional time for actions required under the policy and/or certificate and the submission of documents due to limited access to service and mobility. Provide an extension of filing deadlines for claims and leniency for any other action required under the policy and/or certificate. Provide a copy of the policy and/or certificate to the policyholder and/or certificate holder upon request.
In addition to the above, Aflac through Aflac Benefits Solutions will provide the following protections for Network Dental and Vision members and providers: Waive cost sharing and deductibles. Permit one eyeglass or contact lens replacement and one hearing aid replacement during the pendency of the Emergency Order, waiving frequency limitations. Permit one replacement for dentures or other prosthodontic devices during the pendency of this Emergency Order, waiving frequency limits. Waive additional fees, charges, referrals, eligibility and prior authorization requirements for medically necessary services, whether emergent or not. This applies to benefits and services obtained from both in- and out-of-network providers. Extend medical providers' reporting requirements for claims submissions and for additional information relating to claims. Fully reimburse out-of-network providers at the usual, customary, and reasonable rate.
Affected members should contact Aflac Dental and Vision (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.
Life insurance can give your loved ones financial protection after you pass. However, there are several types of life insurance and it may be complicated to determine what the right policy is for you. Aflac offers several types of life insurance policies for individuals with comprehensive coverage to meet your needs. This article explores how life insurance works and how you can get a policy that supports your specific goals.
Table of Contents
Life insurance is a policy that helps protect your beneficiaries if you pass away by paying them a lump sum, known as a death benefit. In exchange, you pay regular premiums to maintain coverage. The goal of life insurance is to provide loved ones with an added safety net in case you pass away. It can help them cover lost income, pay debts or funeral expenses, save for emergencies, and fund long-term financial goals like college.
Life insurance policies may contain several features, including the following:
The death benefit, also called the face amount, is the amount the insurer pays to beneficiaries if the policyholder passes during the policy term. Beneficiaries should file a claim with the life insurance company after the policyholder passes away to claim the death benefit.
Premiums are the amounts the policyholder pays to maintain their coverage. Without paying premiums, the policy can lapse, causing the policyholder to lose coverage. Most insurers allow policyholders to pay premiums annually, semi-annually, quarterly, or monthly.2
Coverage length, or term length, is the time the life insurance policy is active. Some policies, such as term life insurance, only last for a fixed period, while permanent policies last for life.
Cash value is a growth component of permanent life insurance that allows you to build wealth through your life insurance policy. The insurer puts part of each premium payment into the cash value, growing tax-deferred at a rate that varies by policy type. As this component grows, you can borrow or withdraw from it. If you surrender your policy, you get your cash value back minus surrender charges.
Don’t wait until it’s too late. Help cover yourself and your family with coverage from Aflac.
Get StartedA term life plan covers you for a period, typically from 10 to 30 years.3 If you pass away while the plan is active, your beneficiaries can file a claim to get the death benefit. However, your policy will expire if you live through the policy term. You must renew your term policy or apply for a new one to keep your coverage. Term life insurance premiums are typically lower when compared to the sizable death benefit. Aflac can help you get a term life insurance policy if you need coverage that fits your budget.
Whole life insurance is permanent, so it lasts for a lifetime and comes with cash value. The cash value accumulates at a fixed, guaranteed rate that depends on prevailing interest rates. This means the cash value grows more slowly, but you typically don’t have to worry about losses. If you’re looking for lifelong coverage and guaranteed cash value growth, Aflac can help you get a whole life insurance policy.
Final expense insurance is a smaller whole life plan that helps cover funeral costs, medical bills, and other end-of-life expenses. The death benefit is small, but premiums are typically lower, and there is typically no medical exam. These policies also cover you for life and offer cash value. Aflac final expense insurance comes with competitive premiums and lifelong coverage.
A universal life insurance plan is a form of permanent life insurance that lets you adjust your premiums and death benefit within limits. Raising your death benefit increases premiums, while lowering your premiums reduces your death benefit. Additionally, universal life insurance tends to cost less than whole life insurance.4 Universal life insurance may also let you pay premiums with cash value when it grows large enough. However, if the policy shrinks too much, coverage can lapse. Aflac does not offer universal life insurance.
Variable life insurance coverage operates the same way as universal life insurance. However, you can invest your cash value into individual securities, such as stocks, bonds, and mutual funds. As a result, you can potentially enjoy faster growth. However, you also risk incurring losses. It’s smart to work with a financial advisor to select investments for your variable life insurance cash value. Aflac does not offer variable life insurance.
There are several common life insurance policy types, including:1
A term life insurance plan covers you for a specific time period, typically between 10 to 30 years.3 If you pass away while the plan is active, your beneficiaries can file a claim to get the death benefit. However, you must renew your term policy or apply for a new one if you outlive the term. Term life insurance premiums are typically lower than whole life insurance premiums. Aflac’s term life insurance for individuals can give you coverage that fits your budget.
Whole life insurance is permanent, so it lasts for a lifetime and comes with cash value. The cash value accumulates at a fixed, guaranteed rate that depends on prevailing interest rates. If you’re looking for lifelong coverage and guaranteed cash value growth, Aflac offers whole life insurance that can fit your goals.
Final expense insurance is a smaller whole life plan that helps cover funeral costs, medical bills, and other end-of-life expenses. The death benefit is small, but premiums are typically lower and policies do not require a medical exam. These policies also cover you for life and offer cash value. Aflac offers final expense insurance that comes with competitive premiums and lifelong coverage.
Universal life insurance is a form of permanent life insurance that lets you adjust your premiums and death benefit within limits. Raising your death benefit increases premiums, while lowering your premiums reduces your death benefit. Additionally, universal life insurance tends to cost less than whole life insurance.4
Many people can benefit from a life insurance policy. It’s never too late to determine when you should get life insurance and what your options are. However, there are a few instances where it can be particularly helpful for you and your loved ones:
Here’s how to get a life insurance policy:
Life insurance can help protect your loved ones, build wealth and provide added peace of mind. There are many types available, making it easier to customize your coverage to your circumstances.
Aflac offers several life insurance policies for individuals, including final expense, term, and whole life insurance. Chat with an agent today to explore your options and find the best life insurance policy for your needs.
Get StartedPermanent life insurance ensures the financial protection of your loved ones. Find out what permanent life insurance is and the different types of policies available.
An irrevocable life insurance trust (ILIT) can benefit your loved ones after you pass away. Learn how a life insurance trust works and how to set up an ILIT.
1 Forbes – How Does Life Insurance Work? Updated July 10, 2024. https://www.forbes.com/advisor/life-insurance/how-it-works/. Accessed October 22, 2024.
2 Bankrate – What is a Life Insurance Premium and How Does It Work? Updated April 22, 2024. https://www.bankrate.com/insurance/life-insurance/what-is-a-life-insurance-premium/. Accessed October 22, 2024.
3 NerdWallet – How Long Should Your Term Life Insurance Last? Updated July 30, 2024. https://www.nerdwallet.com/article/insurance/how-long-term-life-insurance. Accessed April 30, 2025.
4 Investopedia – Universal Life Insurance vs. Whole Life. Updated September 20, 2024. https://www.investopedia.com/articles/pf/07/whole_universal.asp. Accessed April 30, 2025.
5 Investopedia - 5 Best Life Insurance Companies for Seniors Updated February 27, 2025. https://www.investopedia.com/the-best-life-insurance-for-seniors-8778716. Accessed April 30, 2025.
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 - 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 (Tier One 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 or VA. 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.
Aflac does not offer Universal or variable Universal Life insurance.
Aflac WWHQ | Tier One | 1932 Wynnton Road | Columbus, GA 31999
Aflac New York | 22 Corporate Woods Boulevard, Suite 2 | Albany, NY 12211
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EXP 11/25