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Author: Kaitlyn Short

LAST UPDATED: April 20th, 2022

Originally called American Family Life Assurance Company of Columbus, Aflac was started by three brothers, Bill, Daniel, and John Amos, in 1955 in Columbus, Georgia.

The company is publicly traded, earning ~22.3 billion dollars in revenue in 2019. Offering multiple types of insurance — including accident insurance — Aflac is a major player in the market.

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The Good

  • Wide Availability
  • Cash Payment
  • Lack of Medical Exam

Wide Availability 

Aflac’s accident insurance policies are available to individuals, not just through an employer. This widens access to supplemental insurance to many individuals who are self-employed or not able to be insured through work plans. MetLife has supplemental policies as well, but accident insurance is only available through an employer. Competitor Unum is also only available through employers.

Cash Payment

When a claim is filed and verified, the company pays individuals directly through a personal check or account direct deposit. There is no hassle as far as going through a middleman main insurance provider. Customers can choose personally how to use the claim money.  

Lack of Medical Exam

The company does not require a medical exam in order to apply for an accident protection policy. This shortens the process of onboarding, as well as reduces paperwork, time delay, and ease of getting started.

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The Bad

  • Non-Transparent Pricing
  • Lengthy Claims Process
  • Sales Calls

Non-Transparent Pricing

Aflac does not have pricing and coverage listed on their website. Customers must fill out and submit information to request a quote. Competitor Unum also does not include pricing online either.

However, other companies provide more information up front and have automated sign up, so having to go through a sales agent is a bit of a deterrent. Buddy Insurance clearly lists pricing online — $50 per person or $128 per family per month — and makes that information about sign up a lot easier to find. 

Lengthy Claims Process

Many customers have complained about lack of communication from representatives, numerous requests for paperwork (sometimes duplicates of what was already sent), and Aflac avoiding paying out for claims. Payments also can take a long time to be received.

The number of complaints has increased significantly in the last two years or so, although a cause of this increase cannot specifically be determined.

Sales Calls

Customers have also complained about receiving calls from Aflac or affiliated partners wanting to upsell products, and that this happens frequently. This is par for the course for insurance brands, as the industry is highly competitive and rates change frequently.

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The Bottom Line

Aflac is a known brand — there’s hardly a person online or who watches television, who isn’t familiar with the company.

Lesser known is that the company offers accident insurance — and that it is more widely accessible to customers independent of employment status.

Like any corporation, Aflac’s disadvantages come from bureaucratic hassles and red tape; however, its deep pockets make the company’s financial procedures a very attractive choice.

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4.0

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42 Reviews

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62%

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5%

3 grade

12%

2 grade

7%

1 grade

14%

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R. M Reseda, CA

I had it a few years ago. It was a nightmare that I got rid of! They charged me and when I needed them, they refused to pay for my hospitalization. Then I stopped it the following year but they kept charging me! Until I complained them to the Department of Insurance. I will never recommend it to anyone

5 years ago

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Rom Mendawi Los Angeles, CA

I had it a few years ago. It was a nightmare that I got rid of! They charged me and when I needed them, they refused to pay for my hospitalization. Then I stopped it the following year but they kept charging me! Until I complained them to the Department of Insurance. I will never recommend it to anyone

5 years ago

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Debra Sims Chicago, IL

My husband had cancer and they paid for him just having cancer but they did not pay for his doctor visits that were cancer related we were very disappointed in them they are not very trustworthy only because they don't tell you things up front.

5 years ago

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Toni Hudson Cantonment, FL

I had Aflac, paid hundreds of dollars for nothing. When I got hurt on the job. Aflac managed to not pay me for my ingery. They used loop holes or their own evaluation by looking at paperwork. Not a trust worthy insurance.

5 years ago

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2020 Umatilla, FL

All seems great on paper until you get the products installed and try to call customer service to help answer your questions. And this is all over-priced to start with!

5 years ago Edited March 7, 2022

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Judy St. Petersburg, FL

I tried and tried to purchase this coverage but they couldn't figure out how to cash my check so I couldn't purchase it! Lol

5 years ago