Aflac Inc. has introduced a new group worksite life insurance product.
Employers can offer either term life programs or whole life programs, to employees ages 18 through 70, the Columbus, Georgia-based company announced Monday.
(Related: Let’s Make Life Insurance Conversations More Mainstream)
An employer may be able to offer a plan on a simplified-issue basis with three covered lives, and on a guaranteed-issue basis with five covered lives.
The product provides an accelerated death benefit feature for insureds who develop a terminal illness.