Flexible plan options providing essential protection. Plans include:
Accidental Death and Dismemberment includes child care assistance and educational benefits.
Why group life insurance matters:
An impressive 98% of people who have access to a group life insurance plan take advantage of it, and 42% of employees surveyed by Aflac ranked life insurance among the top five most important benefits – an increase of 8 percentage points from 2019 – making group life a way to better serve clients.
Complete solutions to steer absence management, including:
Why absence management services matter:
Productivity losses from absenteeism cost employers $1,685 per employee annually – more than twice the average employer’s healthcare costs – positioning absence management products as a must-have for your clients.
Short-term disability insurance, including:
Long-term disability insurance, including:
Why disability insurance matters:
Some 51 million working Americans do not have disability coverage beyond Social Security, and 3 in 10 would be unable to cover three months of living expenses without a paycheck. This puts the 5.6% of workers who have short-term disability needs every year in a bind.
Zurich advances Aflac’s menu of insurance plans
The intertwining of Aflac and Zurich North America’s U.S. Corporate Life and Pensions – a roughly $200 million consideration, funded entirely from Aflac’s internal capital in keeping with its “buy-to-build” ethos—strengthens Aflac’s coverage menu. Another recent addition: Aflac dental and vision insurance plans. This means that brokers can now access a variety of options for life and disability, dental and vision and supplemental health coverages. The expanded insurance benefit offerings add to the case for portfolio bundling, which allows clients to save when they offer multiple Aflac coverage lines.
Aflac + Zurich: You get the value of both
With these two companies – both rated A+ by the Better Business Bureau – consumers can reap more benefits than just expanded insurance products and services.1 Zurich’s existing customers have the added comfort of working with a household name (88% of consumers know the Aflac brand).2 They also gain from Aflac’s customer-first engagement approach: Enrollment for the two companies will be integrated, while existing customers will continue to work with the same account operations teams they’ve come to trust.
It’s a two-way street, of course: Aflac customers adding the new group solutions will benefit from Zurich’s integrated and adaptive technology platforms. This will address a primary need for brokers, who require an adaptable platform that unlocks the door to premium client service. Businesses will also appreciate Zurich’s employer tools, including robust tech and analytics capabilities.
Zurich will be the large-case specialty division supporting the products it brings to the portfolio; Aflac’s broker channel will maintain its focus on network dental and vision and other supplemental insurance benefits, as well as life insurance and disability insurance for small and midsize markets.
Aflac was already delivering what people need: help with expenses health insurance doesn’t cover. By bringing Zurich on board, Aflac’s readiness expands to give even more peace of mind. The result? A safe, protected workforce that’s poised to thrive.
1 https://www.bbb.org/search?filter_ratings=A&find_country=USA&find_latlng=32.460976%2C-84.987700&find_loc=Columbus%2C%20GA&find_text=aflac&page=1&sort=Relevance; https://www.bbb.org/search?filter_ratings=A&find_country=USA&find_latlng=32.460976%2C-84.987700&find_loc=Columbus%2C%20GA&find_text=zurich%20north%20america&page=1&sort=Relevance.
2 Aflac internal document: 2019 IMAP, Tracking the Performance of the Aflac Brand and Advertising, Q4, 2019.
Products and services sold by Zurich American Life Insurance Company. Administrative Office: 7045 College Boulevard, Overland Park, Kansas 66211-1523. On March 19, 2020, Aflac, Inc. announced the agreement to acquire Zurich North America’s U.S. group benefits business (ZEB), which consists of group life, group disability, and absence management products.
Aflac Columbus and Aflac NY (Aflac) will reinsure, on an indemnity basis, Zurich’s U.S. in-force group life and disability policies. As of November 2, 2020, and subject to customary closing conditions, Aflac will assume the administration of the aforementioned re-insured Zurich Employee Benefits policies and services.
The content within is for informational purposes, for broker-facing audiences only. This information is not approved to distribute to prospective insureds, to prospective accounts, or to use as a solicitation. Misrepresenting this, or any, information to solicit or induce an insured to lapse, forfeit, or surrender an insurance policy is prohibited by law. Any use not specifically permitted herein is strictly prohibited. Aflac herein refers to Aflac and/or Aflac New York and/or Continental American Insurance Company and/or Continental American Life Insurance Company.