Group Whole Life Insurance

whole life insurancePeople are turning to group life insurance products more than ever before: Aflac group whole life insurance helps provide the ease and affordability of group coverage and the security of financial protection for final expenses with cash value savings and dividends that grow over time.

Life insurance. People know they should have it, but it’s a difficult conversation for employees to have with their families and loved ones.

Group whole life
Features and benefits
Builds cash value Cash value that builds at a guaranteed rate of return.
Employee coverage
  • Issue age 18–70 (varies by situs state)
Spouse coverage
  • Spouse is eligible to apply if employee applies
  • Issue age 18–70 (varies by situs state)
  • Coverage maximum of $50,000 (not to exceed the employee’s amount)
No medical exams required Certificateholders and their families may apply for benefit amounts by answering only a few medical questions.
Tobacco/Non-tobacco rates Applicable to certificateholder and spouse
Dependent child coverage
  • Dependent children are eligible for the child term rider or may apply for a certificate (employee must apply)
  • Issue age 15 days–24 years
  • Child rider available
  • Dependent children/grandchildren can be covered under a separate certificate
  • Coverage maximum is $25,000 (combination of separate certificates and/or child term rider)
Accidental Death Benefit
  • Provides an additional benefit equal to the face amount if insured dies within 90 days after injuries are incurred as the result of a covered accident
  • Doubles if death is due to a common carrier accident
  • Maximum: $100,000
  • Employee and spouse only
  • Terminates at age 65
Accelerated Benefit**Availability varies by situs state
  • Pays 50% of face amount if an insured is diagnosed with a terminal illness
  • Death must be expected within 12 months
  • Employee and spouse only
Waiver of premium
  • Waives premium after employee has been totally disabled for four months
  • Before age 60
  • Employee only
Portability option If the certificateholder changes jobs or retires, the plan will remain with the certificateholder by paying the required premiums due.

  • No change in premium
  • Bank draft/direct bill
Non-forfeiture options
  • Cash surrender
  • Extended term
  • Reduced paid-up insurance

Face Amounts

  • Employee $5,000-$100,000
  • Spouse $5,000-$50,000
  • Dependent children

$10,000 or $25,000 certificate for each child OR

$10,000 child term rider

Effective Date

Coverage is effective on the date of application, provided:

  • The applicant is actively working.
  • The applicant meets underwriting guidelines.

The applicant may not terminate employment before the billing effective date.

Continental American Insurance Company (CAIC), a proud member of the Aflac family of insurers, is a wholly-owned subsidiary of Aflac Incorporated and underwrites group coverage. CAIC is not licensed to solicit business in New York, Guam, Puerto Rico, or the Virgin Islands. For groups sitused in California, group coverage is underwritten by Continental American Life Insurance Company. For groups sitused in New York, coverage is underwritten by American Family Life Assurance Company of New York. Products may not be available in all states. Plans and benefits may vary by state. Terms and conditions may apply.

How group whole life insurance works

 With simplified underwriting requirements and affordable group rates, Aflac Group whole life insurance offers the protection and cash value attributes of a whole life plan and the ease and flexibility of a group policy.

If you would like to talk to an agent about providing Group Whole Life Insurance to your employees, please complete the following form:


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