USAA Teams up With Aflac to Provide New Insurance Options for Members
USAA, a leading provider of financial services for U.S. military members, veterans, and their families, has announced a new partnership with Aflac, the leading supplemental insurance provider in the U.S. This collaboration aims to expand insurance options for USAA members, offering greater financial security.
USAA members will now have access to Aflac's supplemental insurance products, including Accident Insurance, Cancer Insurance, and Critical Illness Insurance. These plans are designed to complement existing health insurance benefits and help manage financial impacts of unexpected health events.
The partnership combines USAA's dedication to military families with Aflac's expertise in supplemental insurance, aiming to provide enhanced value and support to USAA members. Members can access information about these new insurance options at usaa.com/supplemental.
USAA, un importante fornitore di servizi finanziari per membri delle forze armate statunitensi, veterani e le loro famiglie, ha annunciato una nuova collaborazione con Aflac, il principale fornitore di assicurazioni supplementari negli Stati Uniti. Questa partnership mira a espandere le opzioni assicurative per i membri USAA, offrendo una maggiore sicurezza finanziaria.
I membri di USAA avranno ora accesso ai prodotti di assicurazione supplementare di Aflac, inclusi Assicurazione per infortuni, Assicurazione contro il cancro e Assicurazione per malattie critiche. Questi piani sono progettati per integrare i vantaggi dell'assicurazione sanitaria esistente e aiutare a gestire gli impatti finanziari di eventi sanitari imprevisti.
La partnership combina la dedizione di USAA alle famiglie militari con l'esperienza di Aflac nell'assicurazione supplementare, mirando a fornire maggiore valore e supporto ai membri di USAA. I membri possono accedere a informazioni su queste nuove opzioni assicurative su usaa.com/supplemental.
USAA, un proveedor líder de servicios financieros para miembros militares de EE.UU., veteranos y sus familias, ha anunciado una nueva asociación con Aflac, el proveedor de seguros suplementarios líder en EE.UU. Esta colaboración tiene como objetivo ampliar las opciones de seguro para los miembros de USAA, ofreciendo mayor seguridad financiera.
Los miembros de USAA ahora tendrán acceso a los productos de seguro suplementario de Aflac, que incluyen Seguro contra Accidentes, Seguro de Cáncer y Seguro de Enfermedades Críticas. Estos planes están diseñados para complementar los beneficios existentes de seguro de salud y ayudar a gestionar los impactos financieros de eventos de salud inesperados.
La asociación combina la dedicación de USAA a las familias militares con la experiencia de Aflac en seguros suplementarios, con el objetivo de proporcionar un mayor valor y apoyo a los miembros de USAA. Los miembros pueden acceder a información sobre estas nuevas opciones de seguro en usaa.com/supplemental.
USAA, 미국 군인, 재향군인 및 그 가족을 위한 금융 서비스의 선두 제공업체가 Aflac과의 새로운 파트너십을 발표했습니다. Aflac은 미국 최고의 보완 보험 제공업체입니다. 이 협력은 USAA 회원을 위한 보험 옵션을 확장하여 재정적 안정성을 높이는 것을 목표로 하고 있습니다.
USAA 회원은 이제 Aflac의 보완 보험 상품, 즉 사고 보험, 암 보험, 심각한 질병 보험에 접근할 수 있습니다. 이러한 플랜은 기존 건강 보험 혜택을 보완하고 예상치 못한 건강 사건의 재정적 영향을 관리하는 데 도움을 주도록 설계되었습니다.
이 파트너십은 군 가족에 대한 USAA의 헌신과 보완 보험에 대한 Aflac의 전문성을 결합하여 USAA 회원에게 향상된 가치와 지원을 제공하는 것을 목표로 합니다. 회원들은 이 새로운 보험 옵션에 대한 정보를 usaa.com/supplemental에서 확인할 수 있습니다.
USAA, un fournisseur leader de services financiers pour les membres militaires américains, les vétérans et leurs familles, a annoncé un nouveau partenariat avec Aflac, le principal fournisseur d'assurances complémentaires aux États-Unis. Cette collaboration vise à élargir les options d'assurance pour les membres de l'USAA, offrant ainsi une plus grande sécurité financière.
Les membres de l'USAA auront désormais accès aux produits d'assurance complémentaire d'Aflac, y compris l'Assurance Accident, l'Assurance Cancer et l'Assurance Maladies Critiques. Ces plans sont conçus pour compléter les avantages existants de l'assurance maladie et aider à gérer les impacts financiers des événements de santé imprévus.
Le partenariat combine l'engagement de l'USAA envers les familles militaires avec l'expertise d'Aflac en matière d'assurances complémentaires, visant à fournir une valeur et un soutien accrus aux membres de l'USAA. Les membres peuvent trouver des informations sur ces nouvelles options d'assurance sur usaa.com/supplemental.
USAA, ein führender Anbieter von Finanzdienstleistungen für amerikanische Militärangehörige, Veteranen und deren Familien, hat eine neue Partnerschaft mit Aflac, dem führenden Anbieter von Ergänzungsversicherungen in den USA, angekündigt. Diese Zusammenarbeit zielt darauf ab, die Versicherungsoptionen für USAA-Mitglieder zu erweitern und eine größere finanzielle Sicherheit zu bieten.
USAA-Mitglieder haben nun Zugang zu Aflacs Ergänzungsversicherungsprodukten, darunter Unfallversicherung, Krebsversicherung und Schwerkrankheitsversicherung. Diese Pläne sind dafür ausgelegt, die bestehenden Gesundheitsversicherungsleistungen zu ergänzen und finanzielle Auswirkungen unerwarteter Gesundheitsereignisse zu bewältigen.
Die Partnerschaft vereint USAA's Engagement für Militärfamilien mit Aflacs Fachwissen in der Ergänzungsversicherung, mit dem Ziel, den Mitgliedern von USAA einen höheren Wert und Unterstützung zu bieten. Mitglieder können Informationen zu diesen neuen Versicherungsoptionen auf usaa.com/supplemental abrufen.
- Expansion of insurance product offerings for USAA members
- Access to Aflac's industry-leading customer service and quick claims payment process
- Potential for increased financial protection for USAA members against unexpected health events
- None.
Insights
The partnership between USAA and Aflac represents a strategic move in the insurance industry, potentially impacting both companies' market positions and financial performance. This collaboration could lead to increased revenue streams for both entities, as USAA gains access to Aflac's supplemental insurance products, while Aflac taps into USAA's substantial military-affiliated customer base.
From an investor's perspective, this alliance may result in:
- Diversified product offerings: USAA can now provide a more comprehensive insurance portfolio, potentially increasing customer retention and attracting new members.
- Expanded market reach: Aflac gains exposure to USAA's
13 million members, potentially boosting its policyholder base and premium income. - Synergistic growth: The combined strength of these two reputable brands could lead to enhanced cross-selling opportunities and increased market share in the supplemental insurance sector.
While specific financial projections are not provided, this partnership has the potential to positively impact both companies' bottom lines in the medium to long term. Investors should monitor upcoming quarterly reports for early indicators of the partnership's success, such as changes in new policy acquisitions or premium growth rates.
This alliance between USAA and Aflac is a significant development in the insurance landscape, particularly for the military and veteran community. The collaboration addresses a important gap in traditional health insurance coverage by offering supplemental plans that can help mitigate out-of-pocket expenses from unexpected health events.
Key points for investors to consider:
- Product differentiation: The mention of benefits exclusive to USAA members suggests a tailored approach, potentially increasing the attractiveness of these offerings.
- Market positioning: This move strengthens USAA's position as a comprehensive financial services provider for military families, potentially enhancing customer loyalty and lifetime value.
- Operational synergies: Aflac's renowned quick claims payment process could improve USAA's overall customer experience, potentially leading to higher satisfaction rates and positive word-of-mouth referrals.
The partnership also reflects a broader trend in the insurance industry towards collaborative models that leverage each company's strengths. This approach can be more cost-effective than developing new products in-house, potentially leading to improved profitability for both entities. Investors should watch for any changes in customer acquisition costs and retention rates as indicators of the partnership's success.
This partnership between USAA and Aflac is a strategic response to evolving consumer needs in the insurance market, particularly within the military and veteran demographic. The collaboration aligns with several key market trends:
- Rising healthcare costs: As out-of-pocket medical expenses continue to increase, demand for supplemental insurance products is likely to grow.
- Personalization: The offering of exclusive benefits for USAA members caters to the increasing consumer expectation for tailored insurance solutions.
- One-stop financial services: By expanding its product range, USAA is positioning itself as a comprehensive financial services provider, which can enhance customer loyalty and lifetime value.
From a market perspective, this move could potentially:
- Increase USAA's competitive edge in the military financial services niche.
- Help Aflac penetrate a new, relatively stable customer segment with high brand loyalty.
- Set a precedent for similar partnerships in the insurance industry, potentially spurring further consolidation or collaboration.
Investors should monitor customer adoption rates of these new products and any shifts in market share within the supplemental insurance sector. Additionally, keep an eye on potential ripple effects in the broader insurance market as competitors may seek similar strategic alliances to remain competitive.
Beginning immediately, USAA members will have access to Aflac’s extensive portfolio of supplemental insurance designed to help cover things that are not part of major health insurance coverage. These plans help complement existing health insurance benefits to help members manage the financial impacts of unexpected health events, such as accidents, illnesses, and hospitalizations. The new offerings include Accident Insurance, Cancer Insurance and Critical Illness Insurance, some with benefits members can only get through USAA.
“We are thrilled to partner with Aflac, a company renowned for its commitment to policyholders and its strong reputation in the supplemental insurance market,” said Brandon Carter, President of USAA Life Insurance Company. “This new relationship reflects our ongoing dedication to providing our members with comprehensive and innovative solutions to meet their financial needs. By offering Aflac’s supplemental insurance products, we are enhancing our members’ ability to protect their families and secure their financial futures.”
“We were pleased to have this opportunity to work with a company that has a long-standing history of excellence in serving military members and their families, something that is very near and dear to our employees, our shareholders, and to myself, as a
USAA members will benefit from Aflac’s industry-leading customer service and quick claims payment process, ensuring that they receive timely support when they need it most. With Aflac’s supplemental insurance plans, members can receive cash benefits directly, unless otherwise assigned, helping to cover out-of-pocket expenses that major medical insurance might not cover.
The alliance between USAA and Aflac signifies a shared commitment to enhancing the financial well-being of military families. By combining USAA’s extensive experience and dedication to military members with Aflac’s expertise in supplemental insurance, this collaboration is set to help provide unparalleled value and support to USAA members.
For more information about the new supplemental insurance options available through IHC Specialty Benefits, USAA, and Aflac, members are encouraged to visit USAA’s website at usaa.com/supplemental.
About USAA
Founded in 1922 by a group of military officers, USAA is among the leading providers of insurance, banking, and investment and retirement solutions to more than 13 million members of the
About Aflac Incorporated
Aflac Incorporated (NYSE: AFL), a Fortune 500 company, has helped provide financial protection and peace of mind for more than 68 years to millions of policyholders and customers through its subsidiaries in the
Health Insurance Solutions provided through USAA Life General Agency (LGA) known in CA and NY as USAA Health and Life Insurance Agency, working with select insurance companies to provide products to our members. LGA receives compensation from these companies, based on the total quantity and quality of insurance coverage purchased. Plans are not available in all states. Coverage is underwritten by the respective insurance company. Each company has sole financial responsibility for its products.
IHC Specialty Benefits, Inc. (IHCSB), 5353 Wayzata Blvd, Ste 300,
1 LIMRA 2023 U.S. Supplemental Health Insurance Total Market Report
Coverage is underwritten by Aflac. In
Cancer/Specified-Disease: In Delaware, Policy A72200. Policies B70100DE, B70200DE & B70300DE. In
Coverage underwritten by Tier One Insurance Company.
Cancer/Specified-Disease: In Delaware, Policy T70000. In
Coverage may not be available in all states, including but not limited to ID, NJ, NM, NY, or VA.
Aflac WWHQ | Tier One Insurance Company | 1932 Wynnton Road |
Z2400670 Exp. 7/25
View source version on businesswire.com: https://www.businesswire.com/news/home/20240731177351/en/
USAA Media Relations
External_communications@usaa.com
210-498-0940
Aflac Media contact – Jon A. Sullivan, 706-763-4813 or Jsullivan@aflac.com
Aflac Analyst and investor contact – David A. Young, 706-596-3264, 800-235-2667 or dyoung@aflac.co
Source: USAA
FAQ
What new insurance options are available to USAA members through the Aflac partnership?
How will the USAA-Aflac partnership benefit military families?
When does the USAA-Aflac partnership take effect for members?
Where can USAA members find information about the new Aflac insurance options?
