1 Forbes Advisor - How Much Does A Funeral Cost. Updated Jan 19, 2022. Accessed Apr 7, 2022. https://www.forbes.com/advisor/life-insurance/how-much-does-a-funeral-cost.
2 Final Expense Whole Life Insurance – Series: ICC21-AFLLBL21 – Level Benefit Plan & ICC21-AFLRBL - Modified Benefit Plan.
In AR, AZ, ID, OK, OR, PA, TX and VA: Policies ICC21-AFLLBL21 and ICC21-AFLRPL21; and Riders ICC21-AFLABR22, ICC21-AFLADB22, and ICC21-AFLCDR22. This is a brief product overview only. Coverage may not be available in all states, including but not limited to New York. Benefits/premium rates may vary based on coverage selected. Optional riders are available at an additional cost. The policy has limitations and exclusions that may affect benefits payable. Refer to the policy for complete details, definitions, limitations and exclusions.
Limitations and Exclusions for the residents of Arizona, Idaho, New Jersey and Virginia:
Level and Modified Whole Life Plans Limitations
If the insured, while sane or insane, dies by suicide within two years after the policy effective date shown in the Policy Schedule, the death proceeds under the policy will be an amount equal to: the premiums paid; less the loan balance as of the date of death.
Modified Whole Life Plan Accidental Death Exclusions
We will not pay benefits for any accidental death caused by or contributed by, in whole or in part, any of the following:
Accidental Death Benefit Rider Limitations and Exclusions
We will not pay benefits for any accidental death caused by or contributed by, in whole or in part, from the exclusions outlined above under the Modified whole life accidental death exclusions. The rider does not cover death resulting directly or indirectly, in whole or in part, from:
Accelerated Death Benefits Rider Limitations
Death proceeds and cash surrender values will be reduced upon payment of an Accelerated Benefit. Accelerated death benefits may be taxable by your state. The owner should seek additional information from his or her personal tax advisor about the tax status of the Pre-Payment Amount.
Children’s Term Insurance Rider Limitations
If an insured child, while sane or insane, dies by suicide within two years after the date the insured child’s coverage became effective under the rider, the death proceeds under the rider will be limited to an amount equal to the premiums paid for the insured child’s coverage.
3 National Funeral Directors Association 2020. Updated: April 15, 2022. Accessed: April 25, 2022. https://nfda.org/news/statistics.
4 Annual administrative fee $48.
5 See Limitations & Exclusions for further details.
6 Age as of last birthday.
7 Maximum benefit amount varies according to the age of the applicant at the time of policy issue.
The life insurance policy described herein contains an optional Accelerated Death Benefits Rider that is intended for favorable tax treatment under Section 101(g) of the Internal Revenue Code. Aflac does not give legal or tax advice. Please consult with a qualified legal, tax, and accounting advisor before engaging in any transaction.
Underwritten by Tier One Insurance Company
Aflac | WWHQ | 1932 Wynnton Road | Columbus, GA 31999