Aflac adds new long-term care rider
COLUMBUS, Ga., March 23, 2026 /PRNewswire/ — The cost of long-term care continues to rise, making caregiving challenging for many Americans. That is why Aflac Incorporated has added a powerful new worksite benefit to its Group Life Term to 120 product. This hybrid term life with long-term care product is the first of its kind to offer true protection against higher costs of caring for individuals as they age and will help protect the financial stability of American consumers.
“As a worksite benefits leader, we’re excited to offer this much-needed benefit,” said Bob Ruff, senior vice president, Aflac Group Benefits. “As Americans continue to live longer lives, our new product answers the great need for additional Life Insurance and Long-Term Care planning. It provides employees with a smarter, more flexible way to prepare for life’s uncertainties as we age. It’s about meeting people’ needs and making responsible planning easier for everyone.”
According to the World Health Organization, 1 in 6 people in the U.S. will be over the age of 60 by the year 2030.2 A significant issue facing Americans and their loved ones is their ability to access the best possible long-term care that addresses their needs as they age. Additionally, our aging society — a phenomenon known as the Silver Tsunami,3 representing the shift of baby boomers reaching retirement age — will also need to cover rising costs associated with LTC.
With Aflac’s new rider, the LTC benefit is built with unique flexibility, supporting a wide range of circumstances. Full LTC benefit eligibility is available regardless of the care setting or the caregiver, providing insureds with options. They have the freedom to choose either home-based care or facility-based care, as well as informal care from a family member or friend or a professional caregiver. This is valuable to many people who prefer to age in their own homes and receive care from someone they know personally. The customer can also take advantage of the benefits during his or her lifetime rather than being utilized following a death.
“At Aflac, we believe in giving people options when it matters most,” said Tom Morey, senior vice president, Aflac Chief Actuary. “This rider combines life insurance and long-term care benefits into one solution, giving individuals the flexibility to adapt coverage to their needs while ensuring care where they feel most comfortable. It also helps employers respond to growing employee demand for benefits that deliver security and choice, strengthening their ability to attract and retain talent.”
Customers can rest easy knowing the rider includes:
- Optional extension of the LTC benefit period and restoration of the full-face amount of life insurance, even after it has been used to fund LTC
- Optional inflation protection benefit
- Annually accruing fund that grows the value of the LTC benefit over time and helps to offset LTC cost increases
- Flexible benefits payment options, such as a one-time lump sum for catastrophic costs or periodic payments that better suit the needs of the customer
- Portability, which means a customer can keep these benefits even after they leave employment
The Aflac Group Life Term to 120 with LTC helps insured individuals take advantage of a meaningful opportunity to feel secure in the years to come. This new long-term care rider can play an important role in offering meaningful financial protection and security at a time that can be difficult on many levels, from emotional to financial.
Products and benefits vary by state and are not currently available in all states.
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