Aflac Insurance Company History – Aflac Insurance Company is one of the best companies in America. In this article we will discuss about the history of this insurance company.
Aflac Insurance Company was founded almost six decades ago. The company was founded by John Amos and his brother Bill Amos. They thought of establishing this insurance company from the idea that any person needs financial protection during treatment. aflac insurance companies have set their policies with their policy holders in mind.
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Aflac Insurance Company History
Here we inform you about Aflac insurance company history details.
1955 – 1969: A Time of Vision
1955 – Aflac Insurance Company was founded on November 17, 1955. The founder of this company, John Amos and his brothers Paul and Bill Amos started this insurance company in Columbus, Georgia with six rooms. At this time Aflac Insurance Company had 16 employees and 60 agents. After the first year the company had 6,400 policyholders and $388,000 in assets.
1958 – If a person is affected by cancer, then he and his family are in a lot of financial trouble. American Family Life Insurance Company realized this problem and launched a policy in 1958. This policy is called cancer policy. Many families see the light of hope through this policy.
1964 – This time this company started to sell their cancer policies. They sell directly to individuals. At this time, the American Family Life Insurance Company changed its name to Aflac.
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The 1970s: A Decade of Expansion
1970– During this time many changes occurred in American family life insurance. They have grown from small regional companies to national level insurance companies with branches in 37 states.
1974– In 1974, American Family Life Insurance Company started providing services in the country as well as internationally. This time they provide their services in Japan. They are also the second largest life insurance company in America.
1975– Due to the growth of American Life Insurance Company’s reputation and branches, they moved to their own building at this time. They have $7.1 million in assets and move into the 19th floor headquarters.
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The 1980s: A Decade of Momentum
1982– In 1982, American Life Insurance Company’s revolutionary change took place. They make their company’s assets $1 billion.
1985– At this time, American Life Insurance Company launched another policy. This policy is called accident policy. They also introduced a benefit of the first occurrence of cancer policy at this time. Also launched another policy called Dementia Care.
1989– At that time, the company’s name was changed to American Family Life Assurance Company of Columbus, abbreviated to “Aflac.” Turns on. You can visit their website to know about Aflac Insurance Company History.
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