Aflac Incorporated, together with its subsidiaries, sells supplemental health and life insurance in the United States and Japan. The company’s health and life insurance is marketed and administered through its subsidiary, American Family Life Assurance Company of Columbus (Aflac), which operates in the United States (Aflac U.S.) and as a branch in Japan (Aflac Japan). Most of Aflac's policies are individually underwritten and marketed through independent agents. Aflac U.S. markets and administers group products through Continental American Insurance Company (CAIC), branded as Aflac Group Insurance. The company’s insurance operations in the United States and its branch in Japan service the two markets for its insurance business. Aflac offers voluntary insurance policies in Japan and the United States that provide a layer of financial protection against income and asset loss. The company continues to diversify its product offerings in both Japan and the United States. Aflac Japan sells voluntary supplemental insurance products, including cancer plans, general medical indemnity plans, medical/sickness riders, care plans, living benefit life plans, ordinary life insurance plans and annuities. Aflac U.S. sells voluntary supplemental insurance products, including products designed to protect individuals from depletion of assets (accident, cancer, critical illness/ care, hospital intensive care, hospital indemnity, fixed-benefit dental, and vision care plans) and loss-of-income products (life and short-term disability plans). The company is authorized to conduct insurance business in all 50 states, the District of Columbia, various U.S. territories and Japan. Insurance Products - Japan Aflac Japan's insurance products are designed to help consumers pay for medical and nonmedical costs that are not reimbursed under Japan's national health insurance system. Aflac Japan's product portfolio has expanded beyond traditional health-related products to include more life products. Some of the life products that the company offers in Japan provide death benefits and cash surrender values. These products are available as policies and riders. Some plans, such as the company’s WAYS product, have features that allow policyholders to convert a portion of their life insurance to medical, nursing care, or fixed annuity benefits at a predetermined age. Its child endowment product offers a death benefit until a child reaches age 18. It also pays a lump-sum benefit at the time of the child's entry into high school, as well as an educational annuity for each of the four years during his or her college education. The company offers EVER, a stand-alone, whole-life medical product which offers a basic level of hospitalization coverage with an affordable premium. Gentle EVER, the company’s non-standard medical product, is designed to meet the needs of certain consumers who cannot qualify for its base EVER plan. An upgrade to its Gentle EVER product, released in July 2012, included expanded benefits and an attached advanced medical care rider. The company offers traditional fixed-income annuities and care policies. Insurance Products - U.S. The company designs its U.S. insurance products to provide supplemental coverage for people who already have major medical or primary insurance coverage. Most of its U.S. policies are individually underwritten and marketed through independent agents. Additionally, the company markets and administers group insurance products. The company’s individually issued policies are portable and pay benefits regardless of other insurance. Most products' benefits are paid in cash directly to policyholders; therefore, the company’s customers have the opportunity to use this cash to help with expenses of their choosing. Its individually issued health insurance plans are typically guaranteed-renewable for the lifetime of the policyholder (to age 75 for short-term disability policies). The company’s group insurance policies are underwritten on a group basis and often have some element of guaranteed issue. Aflac U.S. offers accident coverage on both an individual and group basis. These policies are desi
aflac inc (AFL:New York)
1932 Wynnton Road
Columbus, GA 31999
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