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Aflac Corporate Headquarters Address, CEO Email Address, and Corporate Office Info
AFLAC Incorporated was founded in April 1973 as the holding company for a specialty insurance business. It presently covers over 40 million individuals globally. The company’s principal subsidiaries in Columbus, Georgia, and Japan have pioneered a variety of novel marketing strategies to promote a product they introduced more than 40 years ago: additional cancer expense insurance. The company has had rapid growth in the health insurance industry and is a market leader in supplemental insurance supplied through employers in the United States. AFLAC was created in 1955 with a financial investment of approximately $300,000. The company’s assets have already surpassed $37 billion.
In 1955, a young lawyer named John B. Amos relocated to Columbus, Georgia, and started the American Family Life Assurance Company of Columbus, Georgia, along with his two brothers. After three years of failing to sell life, health, and accident insurance door-to-door in Georgia and Alabama, Amos determined that AFLAC would do better if it could carve itself a distinct market niche. In 1958, he created a cancer insurance policy modelled by previous decades’ polio plans, and in its first year, AFLAC’s 150 licenced brokers sold 5,810 cancer care policies.
The cancer care policy offered by AFLAC was designed to cover costs not covered by comprehensive health insurance. According to John Amos’s research, the majority of comprehensive coverage covered only approximately 70% of cancer treatment expenditures. The early insurance were designed to pay up to 50% of the usual cost of cancer treatment, with additional coverage to cover travel and loss of income. The rising incidence of cancer and the expensive expense of treatment contributed to the policies’ popularity. By 1959, AFLAC had written $900,000 in premiums and established a presence in Florida.
The corporation was constantly on the lookout for innovative ways to advertise its policies. In 1964, it began delivering lectures to groups rather than individuals and pioneered the highly successful ‘cluster-selling’ technique. Agents initially requested authorization from a business or group to make a presentation to its employees or members. The agent delivered a group sales pitch with the company’s implicit endorsement. This strategy enabled agents to reach a greater number of prospects in a given period of time, and the organization’s participation was a selling feature. Additionally, numerous businesses used a payroll deduction programme for premiums, which reduced AFLAC’s processing costs. By 1967, cluster-selling had increased the company’s premiums to $7 million.
Cluster-selling has proven to be an extremely effective method of selling cancer insurance. AFLAC developed an aggressive, well-paid sales team that would typically quickly sell to 5% of a group’s members. The salesman would usually return later and sign up the remaining customers. Years later, John Amos characterised the technique’s success as follows: ‘Sooner or later, a cancer will develop in the group. If he is insured, he is content, and word spreads to the rest of them. And if he is not insured, he apologises, and we collect the remainder.’
During the late 1960s, AFLAC significantly expanded its geographic reach. AFLAC’s policies were sold nationwide through an agreement with the Globe Life Insurance Company of Chicago, which was licenced to sell insurance throughout the country; Globe sold the policies and AFLAC reinsured them, allowing AFLAC to demonstrate to state insurance commissioners that the company’s policies were already available in their state and that the company was profitable. Between 1969 and 1971, AFLAC expanded from 11 to 42 states.
In 1973, AFLAC established American Family Corporation as a holding corporation. After a year in a modest collection of dwellings, the company relocated to the new 18-story American Family Center. American Family’s shares were listed on the New York Stock Exchange in June 1974.
Aflac Corporate Headquarters Address and Phone Number
The company is based in GA , United States. Do you have anything to share with the corporate headquarters? If yes, please take a note of the headquarters address of name Inc. below:
Aflac Corporate Headquarters Address
1932 Wynnton Road Columbus
GA 31999 United States.
How do I contact Aflac CEO?
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Customer Support Email and Inquiry Form
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Aflac Contact Details
Aflac Headquarters Contact Details: NA
Aflac Headquarters Address: 1932 Wynnton Road Columbus, GA 31999 United States.
Aflac Headquarters Phone Number: 1-706-323-3431.
Aflac Headquarters Whatsapp Number: NA
Aflac Headquarters Office Email ID: email@example.com
Aflac Social Profiles
Aflac Headquarters Facebook Fan Page: https://www.facebook.com/aflacduck
Aflac Headquarters Twitter Handle: https://twitter.com/aflac
Aflac Headquarters Instagram Profile: https://www.instagram.com/aflacduck/
Aflac Headquarters Snapchat Profile: NA
Aflac Headquarters YouTube Channel: https://www.youtube.com/user/aflac