Aflac Life Insurance Review (2024)

Aflac Life Insurance offers various policy types like whole, term, guaranteed, and supplemental life insurance. You can also get life insurance riders like Aflac’s life insurance accidental death benefit rider, or final expense life insurance.

Get an Aflac life insurance quote to see if the company is right for you, though you’ll pay around $50 monthly for an Aflac life insurance policy.

What You Should Know About Aflac

Affordable life insurance with Aflac is possible, averaging $24 monthly for a term life insurance policy. Aflac offers guaranteed life insurance, but it has relatively low death benefits.

Aflac Life Insurance offers various life insurance policies, like term, supplemental, whole, and guaranteed whole life insurance, to give its policyholders financial protection if they die. On average, an Aflac life insurance policy costs $50 a month, but you could pay as low as $10 for an Aflac term life insurance policy.

Since these are average rates, you should get an Aflac life insurance quote to see what you’ll actually pay for coverage. Remember that you’ll also pay higher rates if you buy life insurance riders or have health problems, making it vital to compare quotes against various companies.

Read on to compare Aflac’s term life vs. whole life insurance to find rates and coverage that works for you.

Aflac Life Insurance Customer Service and Financial Ratings

Aflac has an A+ from the Better Business Bureau (BBB). However, Aflac life insurance customer service reviews on the BBB website have 1.12 stars out of 5, with 215 total customer reviews.

The company also has a 1.47 complaint index rating from the National Association of Insurance Commissioners, indicating higher-than-average customer complaints.

A.M. Best, which rates a company’s financial strength, gave Aflac an A+, or excellent, rating.

Aflac Life Insurance Contact Information

You can contact Aflac life insurance customer service by calling 800-992-3522 or by filling out a complaint form on Aflac’s website. Customer service is open from 8 a.m. to 7 p.m. Eastern, Monday through Friday.

Aflac life insurance customer service’s mailing address is as follows: P.O. Box 5388, Columbus, Ga., 31906-0388.

Aflac Life Insurance Mobile App

Aflac’s mobile app, called MyAflac, allows customers to file claims, check claims status, and manage their life insurance policy. MyAflac has 4.4 stars out of 5 on the Apple App Store, with 6.4k customer ratings. Its rating on the Google Play Store is 2.9 stars out of 5, with 4.6k reviews.

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Aflac Insurance Coverage Options

As we’ve explained, Aflac Life Insurance has various coverage options to help policyholders secure their family’s financial future. Aflac offers the following life insurance coverages:

Aflac Life Insurance Policies

You can also get other supplemental coverages like accident insurance, cancer insurance, and hospital insurance. Aflac also offers life insurance for children, known as juvenile life insurance.

Aflac Life Insurance Riders

Aflac offers several life insurance riders, though you’ll pay higher rates for them. Listed below are Aflac’s life insurance riders:

• Accelerated death benefit rider: Aflac’s accelerated death benefit rider allows policyholders to receive a part of their life insurance death benefit if they get diagnosed with a terminal illness or specific critical illness.
• Short-term disability rider: This coverage replaces your income for up to 90 days if you can’t work due to a covered disability.
• Specified health event rider: Pays out a benefit to a policyholder after being diagnosed with a critical illness or undergoing a covered surgical procedure.
• Child term life insurance rider: With this coverage, Aflac pays out $15,000 for dependent children up to 25. Only children between 14 days old and 17 years old are eligible.
• Waiver of premium rider: If a policyholder between 18 and 59 becomes disabled per the rider’s terms, premiums for a whole or term life insurance policy will get waived.
• Spouse term life insurance rider: This rider pays 50% of the policy’s face value up to $50,000 for the insured’s spouse. Read on to learn more about life insurance for families.

 

Life insurance riders can be valuable add-ons, but they’ll cost you more, so ensure you only get the coverages you need.

How to Get Affordable Aflac Life Insurance

Besides comparing quotes, there are other tips you can follow to get affordable Aflac life insurance quotes, such as:

• Consider coverage needs. Assess your financial needs and purchase a suitable coverage amount for your financial obligations. In other words, don’t buy too much coverage. You could also consider term life insurance over whole life insurance since it’s significantly cheaper.
• Maintain good health. Life insurance companies consider health when setting rates, so remaining healthy can earn you cheaper rates.
• Choose a short term. A 10-year term policy will be cheaper than a 30-year policy, so consider your needs to see how long you require coverage.

However, many factors affecting life insurance rates are outside of your control, like age and gender.

How to File an Aflac Life Insurance Claim

You can file an Aflac life insurance claim 24/7 on the company website or mobile app. You can also fax your claim to 877-442-3522 or mail it to 1932 Wynnton Road, Columbus, Ga., 31999. To check on your claim status, call 800-992-3522.

If your claim gets denied, you can fax your appeal to 888-659-1023 or mail it to P.O. Box 84065, Columbus, Ga., 31908-9998.

Aflac Insurance Rates Breakdown

The average Aflac life insurance rates vary based on several factors. Your age, your medical history, the type of policy, and the coverage amount you choose may influence what your life insurance premium payments look like.

Here’s what you can expect to pay on average for term life and whole life insurance.

Aflac Term Life Insurance Policies

You can find an affordable Aflac term life insurance policy for around $24 monthly, but you should get a life insurance quote from Aflac since rates vary for various reasons.

Check out the table below to see average Aflac rates for different types of term life insurance.

Aflac Term Life Insurance Rates

As you can see, term life insurance is cheaper for young people, making it wise to buy a policy early. In addition, Aflac offers juvenile life insurance and a child rider.

Aflac Whole Life Insurance Policies

Aflac whole life insurance costs $235 monthly on average, but rates vary depending on age, gender, and coverage amount. View the table below to see the average Aflac whole life insurance rates.

Aflac Whole Life Insurance Rates

Unlike term life insurance, whole life insurance covers your entire life, so rates are naturally higher. You can also get final expense whole life insurance coverage, a type of burial insurance for seniors, to help pay for funeral or medical costs.

Aflac Discounts Available

Aflac Life Insurance doesn’t offer discounts.

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How Aflac Ranks Among Providers

It’s wise to compare Aflac Life Insurance with other companies. Check out the table below to see how Aflac compares to its competitors:

Pros and Cons of Aflac

You should also get an Aflac life insurance quote and compare it to other companies to ensure you’re getting affordable coverage.

Case Studies: Benefits of Aflac’s Life Insurance

Case Study 1: John’s Term Life Insurance

John, a 35-year-old individual, wanted to secure his family’s financial future in case something unexpected happened to him. He decided to explore his life insurance options and came across Aflac’s term life insurance plan.

John obtained a policy with coverage of $500,000 for 20 years without the need for a medical exam. This gave him peace of mind knowing that his loved ones would be financially stable if he were no longer around.

Case Study 2: Sarah’s Whole Life Insurance

Sarah, a 45-year-old professional, was looking for a life insurance policy that would provide lifelong coverage. After researching various options, she chose Aflac’s individual whole life insurance plan.

Sarah obtained a policy with coverage of $250,000, ensuring that her beneficiaries would receive a substantial death benefit regardless of when she passed away. The policy provided her with the assurance that her family’s financial needs would be taken care of.

Case Study 3: Michael’s Final Expense Whole Life Insurance

Michael, a 60-year-old retiree, wanted to alleviate the financial burden on his family when he passed away. He considered Aflac’s final expense whole life insurance and opted for the Level Plan. This plan offered a death benefit of $25,000, which would cover his funeral costs and other associated expenses.

Michael appreciated the peace of mind of knowing that his loved ones wouldn’t have to worry about the financial aspects during a difficult time.

Case Study 4: Lisa’s Additional Coverage With Riders

Lisa, a 40-year-old parent, already had a life insurance policy but wanted to enhance her coverage. She approached Aflac and added additional features and riders to her existing policy.

By doing so, Lisa secured critical illness and disability riders, providing her with added protection in case of unforeseen health challenges. She valued the flexibility of customizing her coverage to suit her specific needs.

Bottom line: Is a life insurance policy with Aflac worth it?

Aflac offers term and whole life insurance plans, so it could be worth it for those who already have a policy but are interested in additional coverage. Depending on how much you estimate your final expenses to be and the type of policy you wish to purchase, the coverage limits can offer more than enough for your funeral expenses, medical bills, utility bills, and more. With no medical exam required for term life, applicants can get easy access to life insurance that offers a large death benefit to ensure their loved ones have some financial assistance after their death. 

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