Aflac, Inc. is a general business holding company and acts as a management company, overseeing the operations of its subsidiaries by providing management services and making capital available. Its principal business is supplemental health and life insurance, which is marketed and administered through its subsidiary, American Family Life Assurance of Columbus, which operates in the United States and as a branch in Japan. The company operates business through two segments Aflac Japan and Aflac U.S. The Aflac Japan segment provides death benefits and cash surrender values, WAYS product, have features that allow policyholders to convert a portion of their life insurance to medical, nursing care, or fixed annuity benefits at a predetermined age and child endowment product. It also sells voluntary supplemental insurance products, including cancer plans, general medical indemnity plans, medical/sickness riders, care plans, living benefit life plans, ordinary life insurance plans and annuities. The Aflac U.S. segment sells voluntary supplemental insurance products including products designed to protect individuals from depletion of assets and loss-of-income products. Aflac was founded by John Amos, Daniel Paul Amos and William Amos on November 17, 1955 and is headquartered in Columbus, GA.