COLUMBUS, Ga., Jan. 24, 2011 /PRNewswire/ -- Aflac (NYSE: AFL),
the No. 1 provider of voluntary and guaranteed-renewable insurance
in the United States, today
announced its new voluntary dental insurance policy. Aflac Dental
offers policyholders more choices with multiple levels of coverage
to choose from and bigger benefits ranging from higher annual
maximums to enhanced orthodontic coverage. Aflac Dental continues
to make it easier for employers to administer benefits because
there are no participation requirements, network restrictions,
deductibles, or annual premium reviews. It's an insurance policy
designed to meet the needs of employers in the face of growing
employee demand.
"With more and more companies shifting away from employer-paid
benefits to voluntary insurance, Aflac Dental is the right benefits
solution at the right time for both employers and employees," said
Tom Morey, vice president of Product
Development at Aflac. "With Aflac Dental, employers are able to
enhance their benefits package at no direct cost to the company
while providing valuable dental benefits – a safety net – their
employees can rely on when they need it most."
The new product enhancement features include:
- Annual maximum building benefit: This new benefit
increases each covered person's policy year maximum by $100 after each 12 consecutive months the policy
is in force, up to a maximum of $500
per covered person.
- Orthodontic rider benefit: The enhanced rider benefit
will pay $500 for the initial
orthodontic treatment and then $50
for continuing treatment each month up to 18 months.
- Dependent age extended: The dependent age has been
increased to 26.
- Issue age extended: The issue age has been increased to
70.
A recent Aflac study found 33 percent of consumers are not
offered dental plans at work while 86 percent said employer-offered
dental benefits are important to them. Research by LIMRA shows
dental insurance is the third most desired benefit after major
medical insurance and retirement benefits.
In addition to Aflac Dental, Aflac Group* also offers voluntary
group dental benefits for companies with as few as one hundred
employees. For more information visit aflac.com/business/.
*Aflac Group insurance policies are underwritten by Continental
American Insurance Company.
Aflac Survey Methodology
The Dental Care Research study was conducted by insightexpress
in June 2010, via an online survey of
1,000 consumers to understand which plans are most commonly offered
by employers, how the plan pays out benefits, and how important
dental benefits are when evaluating employer benefits packages.
To participate, respondents had to be 25–54 years of age with an
income of $30,000 or more. The final
sample is representative of the U.S. population based on census
data for age and geographic region.
About Aflac
When a policyholder gets sick or hurt, Aflac pays cash benefits
fast. For 55 years, Aflac insurance policies have helped provide a
safety net and 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. For four consecutive years, Aflac has been
recognized by Ethisphere magazine as one of the World's Most
Ethical Companies and by Forbes magazine as one of America's
Best-Managed Companies in the Insurance category. In 2011,
Fortune magazine recognized Aflac as one of the 100 Best
Companies to Work For in America for the thirteenth consecutive
year. Also, Fortune magazine included Aflac on its list of
Most Admired Companies for the ninth time in 2010. 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.
(Logo: http://photos.prnewswire.com/prnh/20100423/CL92305LOGO
)
Media Contacts:
|
|
|
Jonathan Freed
|
Amanda Kiely
|
|
Aflac
|
CJP Communications
|
|
706.243.8793
|
212.279.3115 x275
|
|
jfreed@aflac.com
|
akiely@cjpcom.com
|
|
|
|
SOURCE Aflac