How Aflac Can Help Your Business

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Shows how Aflac\'s financial safety net products can help your business

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How Aflac Can Help Your Business

  1. 1. How We Add Value to Your Business Presented by: Allan Mason, Aflac Representative 302-293-7844
  2. 2. You’ve Probably Seen Our Commercials
  3. 3. Our Reputation Speaks for Itself  Founded in 1955, now insures 40 million people worldwide  Named to America’s Most Admired Companies list for the eighth year, #1 in the Life and Health Insurance category (Fortune, March 2009)  Named to World’s Most Ethical Companies list for the third straight year (Ethisphere, April 2009)  Named to 400 Best Big Companies in America list (Forbes, January 2009)  Named Most Respected U.S. Insurance Company (Reputation Institute, June 2008)
  4. 4. Some of the World’s Best Companies Provide Aflac to Their Employees
  5. 5. It’s a Balancing Act  Companies want to offer good benefits …but don’t have unlimited resources.  At the same time, the average American struggles to keep up…
  6. 6. Employees Have More Out of Pocket Exposure Than Ever Before… Co-pays and deductibles are up 115% since 2000.* *Source: NCHC 2008
  7. 7. More People are Living Month to Month or Paycheck to Paycheck  The savings rate is barely positive, and has been negative for several years  69% of U.S. citizens live month to month.*  42% of live paycheck to paycheck.* *Source: MetLife Study of Employee Benefit Trends 2005
  8. 8. One Major Sickness or Accident Can Lead to Financial Disaster  48% of all home-mortgage foreclosures are caused by disability of the breadwinner*  56% of all personal bankruptcies are caused by a health situation** *Source: Norton Bankruptcy Advisor 2006 **Source: Harvard Business School 2004
  9. 9. Here is the Reason Why!!! An Illustration of the Harvard Study  Imagine a middle class American family with a home, two children, two cars and $100,000 annual income Employee makes $70,000 – after-tax pay/month $4,375 Spouse makes $30,000 – after-tax pay/month $1,875 Total monthly after-tax pay $6,250  Employee gets cancer, is out of work for one year Employee’s monthly disability after taxes $2,625 Spouse monthly after-tax pay $1,875 Total monthly after-tax pay $4,100  Over the course of the year this family sees a reduction in after-tax income of $25,800, and the spouse MUST continue to work full time
  10. 10. Here is the Reason Why!!! An Illustration of the Harvard Study  Imagine a middle class American family with a home, two children, two cars and $70,000 annual income Employee makes $70,000 – after-tax pay/month $4,375 Spouse stays at home $0 Total monthly after-tax pay $4,375  Employee gets cancer, is out of work for one year Employee’s monthly disability after taxes $2,625 Spouse stays at home $0 Total monthly after-tax pay $2,625  Over the course of the year this family sees a reduction in after-tax income of $21,000
  11. 11. And how do you answer this question? “My spouse was just diagnosed with a serious health condition. I need to take a leave of absence to care for my family. What do we have in our benefits to get me through this?”
  12. 12. That Family Is Now Facing a Financial Challenge  Imagine a middle class American family with a home, two children, two cars and $70,000 annual income Employee makes $70,000 – after-tax pay/month $4,375 Spouse stays at home $0 Total monthly after-tax pay $4,375  Spouse has heart attack, employee takes FMLA leave of absence Employee’s monthly after-tax pay $0 Spouse stays at home $0 Total monthly after-tax pay $0
  13. 13. Aflac Provides a Financial Safety Net for Your Employees  We provide a Financial Safety Net for employees who need cash assistance when a major health problem strikes  Our Catastrophic Coverage includes large cash benefits to replace lost income. Some examples: $2,000 paid for initial cancer treatment, $300 per day paid for chemotherapy (Cancer Indemnity Insurance Plan) $5,000 for first time diagnosis of a heart attack, $300 per day of hospitalization (Specified Health Event Protection plan)  Employees can use the payments for whatever they like (pay mortgage, buy groceries, pay bills)  Our policies complement your existing benefits and pay claims regardless of any other insurance the employee has in place
  14. 14. But Wait… If Aflac is so great, and so many people need financial safety net insurance, why haven’t more of my employees asked me about it?
  15. 15. Employees Haven’t Asked Because They Don’t Realize Their Exposure  Of all the individual bankruptcies caused by a health condition, 73% of those affected said that they had “good benefits” through their employer.* *Source: Harvard Business School 2004
  16. 16. OLD Definition of a Benefit Rich Company  It used to be that, with these benefits in place, employees felt well protected… Employees’ View of Vital Benefits Life STD Vision Dental 401K LTD Medical
  17. 17. OLD Definition of a Benefit Rich Company  …However, if 9 out of 10 employees will get wiped out financially by just ONE severe accident or illness, can this company’s benefits be called anything but “inadequate”? Actual Vital Benefits Provided Life STD 401K LTD Medical Ancillary Benefits: Vision, Dental (don’t protect against bankruptcy)
  18. 18. TRUE Definition of a Benefit Rich Company  World class benefits, including Aflac’s Financial Safety Net, give your employees the best protection against financial disaster due to a health situation Actual Vital Benefits Provided Life Disability Financial Safety Net 401K Medical Ancillary Benefits: Vision, Dental (don’t protect against bankruptcy)
  19. 19. These Programs Fit Perfectly With What You Already Have…  Comprehensive Package The next level of paycheck protection, for your employee and their family.  Catastrophic Package Protects against worst-case scenarios. Can also cover the whole family.  Maternity Package For those starting or adding to a family.
  20. 20. …And Are Easy to Implement  No cost to the company  No change to existing benefits  We do all employee education  We complete and collect all forms  We handle all claims and questions  We handle all ongoing service and new employee education
  21. 21. How Aflac Improves Your Bottom Line By adding our Financial Safety Net insurance, your benefits package becomes World Class. The result:  Improved employee recruiting and retention (replacing an employee is one of your highest HR costs)  Employees have greater peace of mind and improved morale, which can lead to higher productivity  Immediate cost savings – many of our plans are paid pretax, which reduces your tax base and saves you money
  22. 22. Which Side Would You Rather Be On?  Good benefits  World Class benefits  Employees and their families in  Employees well financial trouble if protected against anyone gets financial trouble due seriously hurt or to illness or injury sick  Improved employee  Employees can retention find better benefits  Lower taxes elsewhere  Higher taxes
  23. 23. One Simple Question… Is there any reason why you wouldn’t want to move forward with Aflac today?

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