Group Term Life Insurance

Term Life InsuranceAflac group term life insurance plans are designed to help families get through the tough times with freedom of choice, along with peace of mind. Offering a level of protection employees can choose for a specified length of time, term life insurance is a popular option that is affordable, with plans to fit most budgets.

Life is a series of unexpected twists and turns. If something happens to an employee, will his or her family have the funds to pay the bills?

Term Life Insurance Features and benefits

Group term life
Planned level-premium periods
  • 5 years
  • 10 years
  • 15 years
  • 20 years
  • 30 years
Family coverage available
  • Spouse and child coverage available
  • Employee must apply for spouse and/or child coverage to be issued
Waiver of premium Accelerated Benefit
  • Employee only
  • Prior to age 60
  • Waives plan premium (including riders) after the insured is totally disabled for more than six consecutive months
  • Pays 50% of the death benefit when an insured has less than six months to live.
Accidental-Death and -Dismemberment, Loss of Sight and Seatbelt Benefit Basic Accidental Death, Loss of Sight and Dismemberment Benefit
  • Pays an additional 100% benefit for accidental death
  • Pays an additional 50% benefit for dismemberment or loss of sight
  • Pays an additional 25% benefit if accidental death occurs in a motor vehicle or on a common carrier and a seatbelt was in use
  • Pays 10% for accidental death · Pays 5% for dismemberment or loss of sight
Tobacco/non-tobacco rates
  • Rate based on age at time of application
  • Rate remains level for term
Renewal options Terms of renewal and qualifications for annual renewal is based on the specific term of the account.
Portability option If the certificateholder changes jobs or retires, the plan will remain with the certificateholder. We must receive the first premium within 31 days after coverage is terminated.

  • No change in premium
  • Bank draft/direct bill
  • As long as the master policy remains in force

All group products are underwritten by Continental American Insurance Company and in California products are underwritten by Continental American Life Insurance Company. Products may not be available in all states. Plans and benefits may vary by state. Terms and conditions may apply.

How group term life works

Group term life insurance is popular for its affordability and flexibility, offering the highest level of protection at a low initial cost. Employees choose the length of the plan term – 5, 10, 15, 20, or 30 years and the premium is fixed for the term of the certificate.

The guaranteed-issue feature of most group term life plans is attractive to employees, who can cover themselves (and a spouse) without a medical exam.

If you would like to speak with an agent about Group Term Life Insurance, please complete the following form:

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