To the best of my knowledge AFLAC does not offer a true disability policy. There policies are primarily supplemental, designed to pay in addition to any other coverage you may have. These policies are very good but are more limited than a true disability policy You might consider a combination of both disability insurance and a supplement to help pay for any elimination period or extra bills and lost wages you may incur.
Yes, AFLAC does have disability insurance in their portfolio of supplementary insurance products. Most commonly people are offered AFLAC coverage through their place of employment though consumers can go directly to AFLAC for coverage. There are two types of disability insurance; Short Term and Long Term Disability. The general industry standard is that a short term disability plan pays benefits for up to 6-months and long term policies cover much longer periods of disability. AFLAC takes more of a hybrid approach in their disability product that gives an individual options that can extend beyond the time period normally associated with short term disability policies but at the same time not going as far as most long term disability policies will cover.
Disability insurance can be very important as we have about a 1 out 3 chance of being disabled for some period during our working years. However, not all disability insurance policies are created equal or offer the same value propositions. The convenience of buying at the workplace and paying through payroll deduction can be very attractive, this is no guarantee though that it is really the best fit for your individual needs. If you are serious about insuring your paycheck you would be well served to explore both AFLAC and other options you can obtain in the marketplace.
Also, just because your employer allows an AFLAC agent to come into your workplace and sell you insurance doesn't mean that your employer has gone through any process of determining if these products are a good value for you. The reason is that you are paying for it with your money so it's a "let the buyer beware" situation and is totally different than the process your employer goes through when looking for group health insurance for their employees. In that case the employer is financially involved and they go through an extensive shopping and comparison process before deciding on the best health insurance option to offer their employees.
This is not to say that AFLAC does not have good products or that they haven't helped many customers over the years - they have. But, at the same time, massive advertising and branding campaigns combined with very aggressive sales tactics are no guarantee of being the best value.
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Disability insurance can be very important as we have about a 1 out 3 chance of being disabled for some period during our working years. However, not all disability insurance policies are created equal or offer the same value propositions. The convenience of buying at the workplace and paying through payroll deduction can be very attractive, this is no guarantee though that it is really the best fit for your individual needs. If you are serious about insuring your paycheck you would be well served to explore both AFLAC and other options you can obtain in the marketplace.
Also, just because your employer allows an AFLAC agent to come into your workplace and sell you insurance doesn't mean that your employer has gone through any process of determining if these products are a good value for you. The reason is that you are paying for it with your money so it's a "let the buyer beware" situation and is totally different than the process your employer goes through when looking for group health insurance for their employees. In that case the employer is financially involved and they go through an extensive shopping and comparison process before deciding on the best health insurance option to offer their employees.
This is not to say that AFLAC does not have good products or that they haven't helped many customers over the years - they have. But, at the same time, massive advertising and branding campaigns combined with very aggressive sales tactics are no guarantee of being the best value.