Core Insights - Aflac Incorporated has partnered with Empathy to provide loss support services to its Group Life, Absence, and Disability Solutions clients, effective from July 1 [1][2] - The collaboration aims to assist bereaved families in managing grief and administrative tasks associated with the loss of a loved one, which is expected to enhance Aflac's offerings and attract more customers [2][3] - Aflac's shares have increased by 29.3% over the past year, outperforming the industry growth of 24.2% [3] Group Life, Absence, and Disability Solutions - The services offered through the partnership include grief assistance, bereavement concierge, estate administration, property clearance support, probate guidance, and funeral assistance [1][2] - A digital document vault and identity theft protection services are also part of the offering, which can be accessed by bereaved families for up to two years [2] Market Context - The partnership is timely, given that 94.5% of individuals experience adverse physical or mental symptoms after losing a loved one, with 84% reporting a negative impact on daily life [3] - The grief experienced by bereaved families can last up to 10 months, highlighting the need for comprehensive support services [3] Stock Performance - Aflac's stock has shown a positive trend, gaining 0.4% on June 5 and reflecting a strong performance over the past year [1][3] - Comparatively, other insurance stocks like Reinsurance Group of America, Old Republic International, and RLI Corp. have also shown significant gains, with Reinsurance Group leading at 39.7% [4][5]
Aflac (AFL) Partners With Empathy to Boost Bereavement Support