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UPDATED: Aug 20, 2020
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Company History: Colonial Life was founded in 1937 by Edwin F. Averyt and J. Clifton Judy under the name “Mutual Accident Company”. In 1939 the company changed its name to the “Colonial Life & Accident Insurance Company”. The company began to introduce worksite marketing of voluntary benefits through payroll deduction in 1955 and in the 2000 they created their online enrollment system. Now the company has almost 80,000 business accounts and over 3 million policyholders nationwide. In the last 8 years the company has won 34 first place awards from the Benefits Selling Readers’ Choice Awards for products, innovation, and service. The company currently employs 1,100 people.
Principle Sales Methods: 7,500 independent sales representatives and 6,000 Colonial Life contract brokers.
Life Annuity Business: Colonial life offers coverage which you can tailor for your needs. The company also offers coverage options for your spouse and children.
Health Business: Colonial life offers accident insurance, cancer insurance, critical illness insurance and disability insurance.
Special Business: The company offers a variety of benefit solutions for businesses.