Aflac announces $250 million in investments in response to tax reform law

COLUMBUS, GA (WTVM) - Aflac has announced that they intend to invest in several areas providing long-term benefits for employees, enable strategic investments aimed at growing their business and strengthen the company's commitment to supporting childhood cancer initiatives.

Effective in 2018, Aflac will increase their 401(k) match, from 50% to 100% on the first 4% of employee contribution, while also making a one-time contribution of $500 to every employee's 401(k) plan.

They will also begin offering certain hospital and accident insurance products to all employees free of charge, as they currently do with its cancer insurance product.

Aflac Chairman and CEO Dan Amos said,

"We are pleased that these tax reforms provide Aflac with an opportunity to increase our investments in initiatives that reflect our company values; providing for our employees in the long and short term, ensuring future growth for our company and giving back to the community. We will use these funds to help secure healthy retirements, develop employee skills in an evolving global business climate, and provide additional protections for our workers and their families. At the same time, we will strategically invest in growing our business, while increasing our commitment to children and families facing childhood cancer."

This $250 million investment will take place over the course of three to five years through investing in technology and digital businesses and continuing their long tradition of giving back to the community with a focus on childhood cancer programs.

Aflac has a long history of ensuring employees share in the company's successes.

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