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Aflac helps employees buy homes with education, financing

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in Leaders & Managers,Management Training

Georgia-based insurance firm Aflac is helping its employees buy their first homes through a program with a local agency.

Aflac works with NeighborWorks, which teaches employees how to purchase a home and offers sessions on financial and debt management. It also gives seed money to those who want to become first-time homeowners.

Aflac’s partnership with NeighborWorks began about five years ago, says Sharon Douglas, vice president and chief people officer. The firm provides some funding to NeighborWorks—in the first year of the partnership it donated $30,000, and $100,000 the second year. Aflac advertises the program among employees through lunch-and-learn sessions. NeighborWorks takes it from there.

“It was wildly successful the first year,” Douglas says.

Most Aflac employees who participate are single parents. Douglas says helping employees finance a home is the best way for Aflac to show them it cares about the quality of their lives.

Aflac’s donation to NeighborWorks is not part of the firm’s operating budget. “You can’t put a dollar figure on someone who has never owned a home and thought they may never own a home,” Douglas says.

Contact: Yolonda King, Aflac publicist, at (706) 323-3431.

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