Aflac Supplemental Insurance (2024)

FAQs

What does Aflac supplemental insurance cover? ›

Supplemental insurance can complement a variety of health insurance plans by providing specific coverage for accident, cancer, critical illness, hospital, short-term disability, dental, and vision. We can help provide support in one or multiple of these areas.

Aflac pays cash directly to you, unless otherwise assigned, to help with daily expenses due to a covered illness or accident. AFLAC IS AN EXTRA MEASURE OF FINANCIAL PROTECTION. When you're sick or hurt, Aflac pays cash benefits directly to you to help you and your family with unexpected expenses.

How Much Supplemental Life Insurance Do I Need? Financial experts and insurance companies recommend having seven to 10 times your annual salary in life insurance, so if you earn $75,000 per year, the guideline would be $525,000 to $750,000 in coverage.

Decline: An applicant is denied coverage with Aflac for specified reasons. Denial: The process of reviewing a claim and deciding that, due to the terms of the policy contract, no benefits are due for the claim.

Supplemental policies can offer coverage for a range of critical illnesses. In addition, there may be separate policies for certain kinds of illness, such as cancer insurance or heart attack and stroke insurance.

Secondary insurance is a second major medical health plan that picks up some or all of the out-of-pocket costs after your primary major medical plan has processed your claims. Secondary insurance sends payments to your medical providers (doctor, hospital, etc.), rather than paying cash benefits to you.

For instance, if your health insurance plan has poor benefits with hefty out-of-pocket costs, purchasing a supplemental plan can be valuable. On the other hand, if you already have an excellent health insurance plan with good coverage and low out-of-pocket costs, you might find that a supplemental plan isn't necessary.

We will pay the amount shown when, because of a covered accident, you are injured and those injuries cause confinement to a hospital for at least 24 hours within 90 days after the accident date. The maximum period for which you can collect the Hospital Confinement Benefit for the same injury is 365 days.

ACCIDENT SPECIFIC-SUM INJURIES BENEFITS: When a Covered Person receives treatment under the care of a Physician for Accidental Injuries sustained in a covered accident, Aflac will pay specified benefits ranging from $35– $12,500 for dislocations, burns, skin grafts, eye injuries, lacerations, fractures, concussion, ...

You can tap into a policy's cash value while you're still alive through a loan, withdrawal or if you surrender the policy. Coverage for your family: Some supplemental policies allow you to extend coverage to your spouse, domestic partner or child. But the death benefit for family members might be lower than yours.

Is $500 000 good for life insurance enough? ›

For someone, $500,000 in life insurance might be more than enough while others may benefit from having a $1 million life insurance policy instead. Asking yourself what your policy might need to do can help you narrow down what amount of coverage is appropriate.

Employees cannot apply for Supplemental Life Insurance at or after retirement. At age 65 Supplemental Life Insurance is reduced by 50 percent, then to a flat amount at age 70.

Aflac is a financially sound and competitively priced insurer that provides a wide range of term and whole life policies and riders, adding more flexibility for consumers.

With Aflac Always, your benefits are protected through automatic payments even if you change jobs, your employer stops providing payroll deductions for your premium or you retire. You choose how you pay. Select how your premiums are paid (e.g., bank draft) and when. It's ready to go to work for you, 24/7.

$150 Aflac will pay $150 per calendar year when a covered person requires one of the following exams and a charge is incurred: CT scan, MRI (magnetic resonance imaging), EEG (electroencephalogram), thallium stress test, myelogram, angiogram, or arteriogram.

A supplemental claim adds the newly found damage or additional cost to the original claim. The insurance company may send out an adjuster to review the new damage or tell you to document it with pictures and video on your own, but you should not repair the damage until it has been documented.

This benefit is limited to one payment per calendar year, per covered person. No lifetime maximum. Surgical Benefit Aflac will pay $100–$2,000 when a covered person has surgery performed for a covered sickness in a hospital or ambulatory surgical center based upon the Schedule of Operations in the policy.

Accident insurance works alongside your primary medical plan to help minimize those out-of-pocket expenses. This is one of the many reasons supplemental accident insurance is worth it.

Supplemental property insurance claims are secondary claims made by insured property owners (both home owners and business owners) to request additional money to make repairs to your property in the event that additional repairs are necessary to after you have settled the initial claim with your property insurance ...