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Colonial Life & Accident Insurance Company

Company Name:

Colonial Life & Accident Insurance Company

Company Summary:

The Colonial Life & Accident Insurance Company has been providing excellent service since its founding in 1939. The South Carolina based company can be found in all states except for New York, and this insurance provider also offers its products in Puerto Rico. The Colonial Life & Accident Insurance Company mainly sees to the needs of organizations and businesses, but it also offers an assortment of products for emergencies, illnesses, disabilities, accidents, and deaths, just to name a few. Presently, the Colonial Life & Accident Insurance Company handles over two million policies as well as over 45,000 organizations and businesses.

Types of Life Insurance Products

The Colonial Life & Accident Insurance Company offers level term insurance, whole life insurance, group term life insurance, and universal life insurance.

- Level Term Life Insurance: The Colonial Life & Accident Insurance Company term life insurance is the most economical option for those who are interested in purchasing coverage. Death and cash benefits and affordable premium payments are assured by this insurance policy.

There are two plans offered by Colonial Life. The first plan gives coverage up to a maximum of $150,000, given two 10-year periods. The second plan offers a coverage up to a maximum of $500,000, with a single 10-year period. Both plans require continuous payment but after the first period, the rates for premium will start to increase yearly.

Life insurance, no medical – anyone can get this plan, and a term life insurance quote will allow one to learn more about premium payments and coverage. A term life insurance quote online is readily available for those interested to become policy holders.

- Whole Term Life Insurance: For lifetime protection, one may opt for the whole term life insurance instead. Cash benefits are earned with level premium payments. Death benefits and beneficiary benefits are also guaranteed.

- Group Term Life Insurance: A group may choose this policy instead. The premium payments are less costly; waiver of premiums and death benefits are included in this package.

- Universal Life Insurance: For varying premium payments with flexible cash and death benefits, one can get this policy instead. Interest rates can, however, change, but one’s family may also be covered with this plan.

Company Address:

1200 Colonial Blvd.
Columbia, SC 29210
www.coloniallife.com