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What is Aflac insurance?

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Quick Answer

Aflac insurance is a type of supplemental insurance plan that is designed to provide financial assistance for consumers who are facing loss of income due to an illness or accident. The company offers a number of policy options for individuals, as well as group coverage and short-term disability policies.

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What is Aflac insurance?
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Full Answer

The supplemental insurance policies offered by Aflac are designed to provide consumers with cash payments in the event of accidents or illness. They are not considered a type of health or medical insurance. For example, a consumer with an Aflac policy would receive a cash payment to help offset the costs of medical bills that resulted from an accident, but the medical bills themselves would not be paid for the consumer.

A policy holder can also choose to purchase supplemental insurance based around a specific diagnosis. For example, a consumer could purchase cancer insurance and receive a cash payment should this be diagnosed. Accidental health benefits are also available, as are benefits that provide cash payments for hospital stays.

Aflac also offers policies that are geared towards businesses. These policies function in a similar way to group health insurance, giving employees the chance to opt in for coverage. Short-term disability cover is also available to consumers who have a period of time in which they are considered temporarily disabled.

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