Terms Used in Most Policy Introductions
Below is a general explanation of the sections found in most Aflac New York policies. Keep in mind that information may vary by policy and the state where the policy was issued. If you need additional information about your Aflac New York policy, please contact Aflac New York by phone, at 1-800-366-3436.
Consideration (not included in life policies)
Consideration explains that your policy is issued based on information that was included on the application for insurance. It also explains that premium payments are outlined in the Policy Schedule, and that the individual named in the policy is covered as outlined in the Benefits, Limitations and Exclusions, Definition of Terms, and other provisions sections of your policy.
Right to Examine This Policy
This outlines the amount of time allowed for the person seeking insurance to examine and accept the policy. This section also informs the insured to contact Aflac New York if he/she would like to make changes to the policy.
All Health and Disability (Non-Life) Policies
Part 1: Glossary
Provides definitions of terms used throughout the policy.
Part 2: Limitations and Exclusions
Outlines exactly which benefits and treatments are and are not covered under this policy.
Part 3: Right of Conversion
Explains how the dependent of a policyholder (a spouse or child) can convert to an individual policy. This generally applies to an insured and spouse who divorce or to a covered person whose dependency has terminated (for example, a child who has reached a specific age or marries).
Part 4: Uniform Provisions
Describes the specific features and requirements of the insurance contract. See Definitions for specific words or phrases.
Part 5: Eligibility for Benefits (not included in all policies)
Outlines the conditions a person must meet to be eligible for the benefits of a life insurance plan, health insurance plan, or retirement plan.
Part 5 or 6 (depending on policy): Benefits
Details the type and amount of coverage offered by an Aflac New York product for specified diagnoses and treatment.
