Aflac insurance premiums are determined by numerous factors including (but not limited to) age of the applicant, extension of coverage to dependents, plan type & level of coverage, and your industry class…the type of work you perform via your own business or that your employer transacts. Visit the North American Industry Classification Systems website for more information on SIC codes and how it pertains to insurance premiums.

If you are contemplating offering Aflac benefits to your employees, the SIC code for your business will be needed by your insurance broker in order to quote your group for coverage. The NAICS Association’s website offers a free SIC code lookup to make it easier to determine your industry class.