COLUMBUS, Ga., May 13, 2010 /PRNewswire via COMTEX/ --Aflac, (NYSE: AFL) today announced that it now offers voluntary group benefits to companies with as few as 100 employees. The move allows Aflac, which recently acquired group benefits provider Continental American Insurance Company, now operating under the Aflac brand, to offer both individual and group plans to a wider range of employers at no direct cost -- providing employees with additional choices for their benefits packages.
"While voluntary group benefits have traditionally been offered to large companies, we believe that offering group products, alongside our individual products, to small and mid-size companies will give them even more options to provide their employees with robust benefits packages," said Paul Amos, II, President and COO of Aflac.
Aflac's expansion into the group product market means companies with just 100 employees can now offer the insurer's suite of group and individual voluntary plans, including accident, critical illness, disability and life insurance policies. In addition, employers can benefit from Aflac's value-added services, such as cafeteria plans, retirement plan services, innovative enrollment options and administrative solutions that offer cost and tax savings for both employers and employees.
"In today's environment, employees continue to look for ways to protect themselves financially, while employers struggle to offer competitive benefits at affordable prices," said Amos. "Aflac is committed to providing real benefits solutions that meet the needs of companies and help Americans manage daily living expenses when they are sick or hurt."
For more information on Aflac and its voluntary insurance products, visit aflac.com.
When a policyholder gets sick or hurt, Aflac pays cash benefits fast. For 55 years, Aflac insurance policies have given policyholders the opportunity to focus on recovery, not financial stress. In the United States, Aflac is the number one provider of guaranteed-renewable insurance. In Japan, Aflac is the number one insurance company in terms of individual insurance policies in force. Aflac insurance products provide protection to more than 50 million people worldwide. Aflac has been recognized by Ethisphere magazine as one of the World's Most Ethical Companies for four consecutive years, and Forbes magazine named Aflac as America's Best-Managed Company in the Insurance category. In 2010, Fortune magazine recognized Aflac as one of the 100 Best Companies to Work For in America for the twelfth consecutive year and also included Aflac on its list of Most Admired Companies for the ninth time. Aflac Incorporated is a Fortune 500 company listed on the New York Stock Exchange under the symbol AFL. To find out more about Aflac, visit aflac.com.
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