Aflac, a supplemental insurance policy provider based in Columbus, Georgia, has expanded its product offering by now providing the voluntary group benefits to companies with as few as only 100 employees.
According to Alfac, this move allows it, which recently acquired group benefits provider Continental American Insurance Company, now operating under the Aflac brand, to offer both individual and group plans to a range of employers at no direct cost and providing employees with additional choices for their benefits packages.
The company said that its expansion into the group product market means companies with only 100 employees can now offer its suite of group and individual voluntary plans, including accident, critical illness, disability and life insurance policies.
In addition, employers can also benefit from the company’s value-added services including cafeteria plans, retirement plan services, enrollment options and administrative solutions that offer cost and tax savings for both employers and employees.
Paul Amos, president and COO of Aflac, said: “While voluntary group benefits have traditionally been offered to large companies, we believe that offering group products, alongside our individual products, to small and mid-size companies will give them even more options to provide their employees with robust benefits packages.”