Who took over Colonial Life insurance?

Now a subsidiary of Unum Group, our team of more than 10,000 sales representatives and 1,200 home office professionals serves more than 3.7 million people in over 90,000 companies and organizations.

Can I cash out my Colonial Life insurance policy?

Policy withdrawals/partial surrenders are available on universal life policies only. If your policy is not a universal life policy and you request a withdrawal, we will process the request as a policy loan.

Is Colonial Life and Colonial Penn the same company?

Is Colonial Life and Colonial Penn the same insurance company? No. Colonial Life provides a range of life, and supplemental coverage plans to benefit the employees. It is based in South Carolina.Sep 8, 2021

How do I make a claim in Colonial Life?

File a doctor’s office visit or wellness claim Online filing and setting up direct deposit are the fastest ways to start receiving the benefits you need. You also have the ability to track your claim’s status from start to finish and receive alerts if we need additional information.

What is the $9.95 plan from Colonial Penn?

The Colonial Penn life insurance plan for $9.95 per month is a guaranteed acceptance whole life policy with a waiting period of two years. It offers permanent lifelong coverage with a premium that will never increase and builds cash value. There are no health questions or exams to determine your eligibility.

How much is a unit of life insurance?

Insurance companies base units on risk factors such as age, gender and various requirements of different states. How much one unit of coverage costs may differ from one provider to another. While most insurers typically deal in units of $1,000, it’s common to see units worth $5,000 or $10,000.

Is Unum and Colonial Life the same?

About Colonial Life Colonial Life & Accident Insurance Company, a subsidiary of Unum Group, provides financial protection benefits to America’s workers and their families when the unexpected happens.

Is Colonial Life legit?

Colonial Life has earned a reputation as being one of the most respected insurance companies offering life insurance in the US. The carrier has received high ratings through A.M. Best and the BBB and has demonstrated consistent financial strength.

What is Colonial whole life insurance?

Colonial Penn’s guaranteed acceptance program is a whole life insurance policy with a limited death benefit, and is often marketed to seniors who want to reduce their family’s financial impact upon their death.

What is Colonial Life group accident?

ColonialLife.com. GAC4000 – PREFERRED PLAN. Group accident insurance can help with medical or other costs associated with a covered accident or injury that your health insurance may not cover. With this coverage you may not need to use your savings or secure a loan to help pay those unexpected out-of-pocket expenses.

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