Few insurance carriers have as much recognition as AFLAC, just about the most well known companies in the united states, by name. Below is an excellent snippet of the record of AFLAC, important financial strength and company score figures, and details of how the company stands today including what products it gives. This American Family Life Assurance Company review shows why they are one of the best life insurance companies in the United States, and is our own opinion.
Our American Family Life Assurance Company Review
1955 marked inception for the very renowned insurance company, AFLAC, which was originally named American Family Term life insurance Company. By 1964, it turned out renamed to American Household Life Assurance Company involving Columbus, although it wasn’t coined as Aflac right up until 1989.
Although it isn’t one of several longest standing insurance companies in the united states, it has without question made a long ranking footprint in multiple insurance policies industries in its period. It is one of the most effective life insurance companies in the united states from a supplemental insurance plan standpoint, working with many businesses, big and tiny.
In fact, almost its entire business structure is now structured by means of work-site (also called payroll deduction) techniques, where employers offer a distinct benefits to their employees that is paid directly through the particular employees’ paychecks. The distinct benefits include life, wellbeing, cancer (which it ended up being a pioneer for), automobile accident, disability, and more.
Aflac is a publicly held company, meaning it gives stock to shareholders around the New York Stock Exchange (or NYSE) underneath the ticker profile AFL.
AFLAC is financially strong as much as it is brand strong, boasting great ratings on the major rating institutions A. M. Best, Fitch, along with Standard & Poor’s. With “A” ratings or perhaps better from three of the four major ratings businesses, and a Comdex score of 95 (out involving 100), it’s clearly competent to withstand the choppy economic waters of the financial industry, and comes with a excellent outlook for potential expansion and growth.
The company has changed into a giant, now the largest supplier of supplemental insurance (including all types) in america. With 4, 500 direct employees and 75, 000 affiliates, it hosts a large network of strategically prepared partners.
A lesser renowned aspect of AFLAC can be its presence in Japan, where its business has reached empire sized success. Aflac claims “nearly 90% of all companies listed on the Tokyo Stock market offer Aflac products with their employees. ” This also contributes to their market share involving households in Japan to greater than 25%.
The AFLAC brand wouldn’t be what it really is today without the AFLAC Duck which debuted for the new millennium, and it still spearheads the many major marketing for AFLAC these days. A major sponsor of numerous large scale events, including major sports, Aflac also has presented million in benefits to be able to charities for childhood melanoma treatment and cancer exploration.
AFLAC has made itself not just a household name in logos through its massive marketing campaigns while using AFLAC Duck, but has issued in excess of 50 million policies of all insurance types in the particular U. S. alone showing its effectiveness to provide its products in supplement.
|Company Name (and Subsidiaries)||AFLAC Inc.
|Company Ratings||A.M. Best (A+)
Moody’s Investors Services (n/a)
Standard & Poor’s (AA-)
|Headquarters (Address, Phone, Web)||1932 Wynnton Rd
Columbus, GA 31999
Phone: (706) 323-3431
|Policy Types Available||Supplemental