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This Web site contains a compilation of more than a thousand consumer finance  columns written by Tony Novak from the 1980s through 2006, updated and reformatted for maximum usefulness today.  New material was added after 2010.

Content is the opinion of the author and does not represent the position of any other person or entity. Information is from sources believed to be reliable but cannot be guaranteed.

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Is AFLAC a good deal?

originally posted: 11/22/2006  reposted: 2/18/2011 This post has not been recently reviewed or revised by the author and may be out of date. If you notice an error or are in doubt, please send a new question by email or ask for an update. Email

Q: Is AFLAC a good deal?

A: In terms of convenience, yes. In terms of value to the consumer, no. AFLAC is supplemental insurance offered through payroll deduction which makes it easy and affordable. But AFLAC has one of the lowest benefit payout ratios as compared with other life insurance or health insurance companies. In other words, the average policyholder gets little for what they pay into this insurance. If you want a better deal on supplemental health insurance, use If you want a better deal on life or disability insurance, use the Iquote system at Either of these has significantly better chance of being a "good deal" in terms of benefits received per premium dollars spent. But if you don't want to take the time to find better insurance deals on your own, AFLAC is a convenient alternative.


More resources: Iquote