With a whole life insurance plan, you have a choice of benefit and premium amounts that can fit your paycheck and lifestyle. You also have access to the cash value accumulated in the plan and may use these savings for loans or withdrawals. You own this coverage and can keep it in force even when you retire of if you change employers.
Employees may enroll in employee coverage up to $100,000, spousal coverage up to $50,000, and child coverage up to $10,000 without answering medical questions. Higher amounts above these limits are available by answering medical questions and being approved for the additional coverage by Aflac.
Benefits provided by Aflac:
Additional Benefits to the Whole Life Policy:
- Cash Value
- Loans and Repayment
- Accidental Death Benefit Rider