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In terms of the insurance industry, cancer insurance is a novel form of coverage, having emerged approximately 50 years ago. This coverage was created by insurers like the American Heritage Life Insurance Company and Aflac to meet demand coming from those suffering from the disease.
A United States General Accounting Office study found that the policies paid back as little as 35% of premiums (Aflac said its cancer insurance paid back 62.4%). In comparison, New York State requires most major-medical policies to pay back 82% and group policies to pay back 75%.
When most people hear Aflac , they think of the brilliant marketing campaign featuring a duck that annoyingly quacks the insurance company's name at prospective policyholders. But there's ...
Aflac’s cancer focus provides some bleak upside to these demographic trends, as rates of the disease are skyrocketing. “Cancer is a disease of the aging,” Piper Sandler’s Barnidge points out.
In 1995, Dan inspired Aflac's decades-long commitment to helping families of children diagnosed with cancer. The company and its independent sales associates have contributed more than $158 million to this cause, including funding for the Aflac Cancer and Blood Disorders Center of Children's Healthcare of Atlanta, which has become a leading childhood cancer facility in the United States as ...
Since Amos became CEO in 1990, succeeding his uncle (and Aflac cofounder) John Amos, he’s increased Aflac’s annual revenues sevenfold and sent its stock price and shareholder returns soaring.
The policy may also be structured to pay out regular income and the payout may also be on the policyholder undergoing a surgical procedure, for example, having a heart bypass operation. The policy may require the policyholder to survive a minimum number of days (the survival period ) from when the illness was first diagnosed.
Americans owe at least $220 billion in medical debt. In one of the states hardest hit, North Carolina, Terry Belk is still trying to pay for his late wife's cancer treatment and his own.