Aetna Life Insurance: What You Need To Know

Aetna Life Insurance Company offers life insurance policies, most commonly known for providing health insurance products. The company was added to Aetna's brand of companies in 2013 and has since become one of the nation's largest insurers. Aetna offers a broad range of traditional, voluntary, and consumer-directed health insurance products and related services. Their life insurance policies are available through employer-provided plans and are not for individual sale. They are known for their whole life insurance policies, which provide coverage for the insured's entire life and accrue cash value over time. The company offers competitive rates and is known for its excellent electronic application and strong household discount.

Aetna's life insurance plans for individuals and families

Aetna offers life insurance plans for individuals and families, providing future financial security for loved ones. These plans are typically available through employer-provided group coverage and include features that offer support during your lifetime.

Coverage

Aetna life insurance plans cover you, your spouse or partner, and your dependent children. In the event of your death or serious injury, or that of your spouse/partner or child, your plan pays cash to your loved ones, helping to ease financial hardship.

Accelerated Death Benefit

If you become terminally ill or suffer a severe medical condition, you can request to receive a portion of your death benefit in advance through the Accelerated Death Benefit.

Coverage Extension

If you become permanently and totally disabled, your coverage may be extended, and your premium payments will be waived.

Portability

Your plan may offer a portability feature, which allows you to retain your coverage if you leave your employer or retire.

Individual Whole Life Policy

If your coverage is reduced or you leave your employer, you can choose to convert your lost coverage to an individual whole life policy to maintain your life insurance.

Filing a Claim

Filing a life insurance claim with Aetna is straightforward. Your beneficiary can call or your beneficiaries can ask your employer to file a claim on their behalf.

Required Documentation

To file a claim, a certified copy of your death certificate, eligibility information, signed beneficiary records, and police or fire reports (in the case of an accident) are needed.

Claim Payout

Aetna typically pays life insurance claims within 10 to 15 business days. Claims involving accidents may take longer.

Aetna's group term insurance

Aetna offers group term insurance, also known as group coverage, which is provided through employer-provided plans. This type of insurance covers the employee, their spouse or partner, and their dependent children.

Group term insurance plans include life and accidental death and personal loss coverages, which pay cash to your loved ones in the event of your death or serious injury. Additionally, if your spouse, partner, or child dies or is badly injured, these plans can help you financially. Aetna's group term insurance also offers features that can provide support during your lifetime. For example, if you become terminally ill or suffer from a severe medical condition, you can request an accelerated death benefit, which allows you to receive a portion of your death benefit in advance. If you become permanently and totally disabled, your coverage may be extended, and your premium payments may be waived.

In addition to group term insurance, Aetna provides a range of health insurance plans and benefits for employers, individuals, and families. These plans are designed to meet unique needs and offer flexible solutions, meaningful connections, and quality care. Aetna is committed to helping employers engage employees, improve health outcomes, and lower costs through personalized care reminders, crisis resources, and integrated health solutions.

Aetna's coverage for serious injury or accidental death

Life is unpredictable, and accidents happen. When they do, it's important to have the right coverage in place to protect yourself and your loved ones. That's where Aetna comes in. As part of their life insurance offering, Aetna provides coverage for serious injury or accidental death, giving you peace of mind and financial security when you need it most.

Aetna's life insurance plans offer comprehensive protection for you and your family. Their group term insurance or group coverage plans provide coverage for you, your spouse or partner, and your dependent children. This means that in the event of a serious injury or accidental death, your loved ones will receive a cash payout to help them through a difficult time. This can be used to cover medical expenses, funeral costs, or simply to maintain their standard of living.

The process of filing a claim with Aetna is straightforward. Your beneficiary, the person you choose to receive the cash payment, can call Aetna or your employer to initiate the process. They will need to provide documentation, such as a certified copy of the death certificate, eligibility information, and signed beneficiary records. For accidental deaths, a police or fire report from the investigating agency may also be required. Once the claim is approved, Aetna typically pays out within 10 to 15 business days for life insurance claims, while claims involving accidents may take longer.

In addition to financial support, Aetna offers resources to help you and your family navigate the challenges that come with a serious injury or loss. Their plans also provide features that can benefit you while you're still living. For example, if you become terminally ill or suffer from a severe medical condition, you can request an Accelerated Death Benefit, which allows you to receive a portion of your death benefit in advance. If you become permanently and totally disabled, your coverage may be extended, and your premium payments may be waived.

Aetna's accidental coverage extends beyond just financial benefits. If you participate in Aetna Smart Care, you will receive Accident Insurance at no additional cost for you and your covered dependents. This plan pays benefits directly to you when you seek treatment for a covered accidental injury, whether minor or serious. This can help alleviate the financial burden of unexpected medical expenses.

Aetna's life insurance for seniors

Aetna is a large insurance company that has multiple affiliates and offers a range of insurance products to meet the specific needs of seniors. Their senior supplemental insurance program includes various health and final expense insurance products.

Aetna's final expense insurance policies provide whole life insurance with a death benefit ranging from $2,000 to $50,000, depending on the age of the new applicant. The company offers no-waiting-period life insurance for conditions that would result in a decline from other insurers.

In addition to life insurance, Aetna also provides Medicare supplement plans, Medicare Advantage plans, prescription drug plans, and dental, vision, and hearing coverage. These plans can help cover medical care when travelling outside the USA, as well as routine dental, vision, and hearing services.

Aetna's insurance plans are not sold directly to consumers but are available through licensed insurance agents. The cost of each plan can vary based on age, health, and location.

Aetna's international insurance plans

Aetna International provides health care and well-being benefits to members living and working abroad, giving them the confidence of knowing they can access quality care and support, no matter where they are in the world.

Aetna International offers unrivalled provider network access in 200+ countries and territories, with 100% coverage for eligible medical care outside the U.S. and no-cost care at any MinuteClinic® location in the U.S. The Aetna® national network in the U.S. and the Aetna Abroad™ network outside of the U.S. help ensure members have access to expert care and facilities around the world.

Aetna International's clinical care team provides multilingual nurse support for acute and chronic conditions, pre-trip and post-assignment planning, emergency medical evacuation services, and more. The International Care Management team offers culturally relevant resources, emergency assistance services, and local care coordination, including enhanced maternity support and assistance for acute and chronic conditions.

Aetna International's well-being resources offer support for physical, mental, and emotional health, helping members make informed health care decisions while abroad. Members can access health and wellness resources that meet their unique needs, so they can get the care they need, the way they want it.

Aetna International also provides comprehensive support for employers, helping them solve the unique challenges of a global workforce, reduce costs, improve well-being, and simplify the health care experience globally.

Frequently asked questions