Colonial Life And Constitutional Insurance: Connected?

Colonial Life is an insurance company that offers various insurance products, including life, accident, and disability insurance. The company has been in business for over 75 years and serves America's workers by providing financial protection benefits. Their life insurance products help individuals protect their loved ones financially after they pass away. This can include covering medical and funeral expenses, replacing lost income, paying off debts, and protecting retirement plans. Colonial Life's accident insurance provides a lump-sum benefit to help with out-of-pocket expenses resulting from covered accidents or injuries, such as doctor bills, emergency room fees, and physical therapy. The company also offers disability insurance to provide financial protection during unexpected illnesses or injuries.

Constitutional life insurance, on the other hand, refers to a type of life insurance that is guaranteed by the constitution or a legal framework. It ensures that individuals and their families are protected in case of unforeseen circumstances, providing financial security and peace of mind. While the specifics of constitutional life insurance may vary depending on the region and its legal framework, it typically emphasizes the rights and protection of individuals and their beneficiaries.

Therefore, while Colonial Life and constitutional life insurance both offer financial protection in the event of accidents, injuries, or death, they operate within different contexts and have distinct characteristics. Colonial Life is a private insurance company offering a range of insurance products, while constitutional life insurance is a type of insurance guaranteed and regulated by a legal framework, providing individuals with certain rights and protections.

Colonial Life's financial protection benefits

Voluntary Benefits

Colonial Life offers voluntary benefits that supplement traditional insurance. These benefits are often employee-paid and can be used to cover expenses that regular insurance doesn't, such as bills or daily expenses. They enhance an employer's insurance offerings and help employees prepare for life's unexpected challenges, such as accidents, illnesses, or injuries.

Medical Insurance Supplement

Colonial Life's benefits can help cover the direct medical costs of qualifying accidents, illnesses, or sicknesses. This includes supplementing medical insurance to control the rising cost of medical insurance for employers.

Out-of-Pocket Cost Protection

They assist with the indirect, out-of-pocket costs associated with qualifying accidents and sicknesses, which major medical insurance typically doesn't cover.

Wellness and Preventive Measures

Colonial Life promotes healthier lifestyles and preventive measures by offering benefits for certain wellness and health screening tests. This aspect of their financial protection benefits encourages proactive health management.

Online Portal and Support

The Colonial Life for Policyholders Portal provides a convenient way to manage benefits 24/7. It allows users to view policy details, file and track claims, and receive instant updates. They also offer options like direct deposit and text status alerts to ensure important notices and payments are promptly received.

Personalized Benefits Counselling

Colonial Life offers personalized benefits counselling, where their counsellors meet one-on-one with employees to help them understand their needs and select the most suitable benefits. This ensures that individuals make informed decisions about their financial protection.

Long-Term Commitment

Colonial Life adapts to changing needs over time. They have served America's workers for more than 75 years and are committed to providing critical support when unexpected events occur.

Colonial Life's insurance coverage

Colonial Life offers a range of insurance products, including life, accident, and disability insurance. The company has been in business for over 75 years, providing financial protection benefits to individuals and employers.

Life Insurance Coverage

Colonial Life's life insurance products aim to provide financial security for loved ones in the event of an individual's passing. The coverage can help pay for funeral costs, ongoing living expenses, debts, and protect retirement plans.

Colonial Life offers both individual term life and individual whole life insurance plans. Term life insurance is payable if the insured person passes away within the selected term period, which can range from 10 to 30 years. Whole life insurance, on the other hand, remains in effect as long as the policyholder makes the payments and can be paid-up at age 70 or 100.

The cost of life insurance varies based on age and the amount of coverage purchased. Health questions may be asked to determine eligibility, and coverage can be increased later if needed. Policyholders can keep their life insurance coverage even if they change jobs or retire.

Accident and Disability Insurance

In addition to life insurance, Colonial Life offers accident and disability insurance to provide benefits for unexpected illnesses, injuries, or accidents. These benefits can help cover medical costs and protect individuals during difficult times.

Colonial Life's insurance products are designed to be affordable and accessible, with multiple enrollment options available to meet the diverse needs of individuals and employers. The company also provides educational resources to help policyholders understand their benefits and make informed decisions.

Colonial Life's insurance for accidents and injuries

Colonial Life is an insurance company that has been in the business for over 75 years. They offer various insurance plans, including life, accident, and disability insurance.

Accident insurance from Colonial Life provides financial protection in the event of an accident or injury, helping to cover the costs of out-of-pocket expenses such as doctor bills, co-pays, and emergency room fees. This type of insurance covers injuries that occur both on and off the job, which sets it apart from workers' compensation. It can also help cover transportation and lodging expenses related to the accident.

The amount payable under the accident insurance policy depends on the injury sustained and the treatment received. Benefits are typically paid directly to the policyholder, who can then use the funds as they see fit. Coverage is available for individuals, their spouses, and eligible dependent children. Additionally, policyholders do not need to undergo medical examinations to qualify for basic coverage.

Colonial Life's accident insurance aims to provide peace of mind and financial security during unexpected events, ensuring that individuals can protect what they have worked hard to build.

• The Taylors' Story: The Taylors' teenage daughter, Hannah, dislocated her ankle in a biking accident. Her accident benefit helped cover the costs of follow-up treatment, X-rays, crutches, and other expenses not covered by their primary insurance.
• Greg and Lisa's Story: Greg and Lisa, who enjoy camping, experienced an accident when Greg tripped over campfire logs and broke his collarbone. His accident benefit covered his yearly deductible, co-pays, and the costs of surgery, hospital stay, and physical therapy.
• James' Story: James, a 30-year-old single man, was involved in a car accident and broke two ribs. His accident benefit helped cover his emergency room treatment costs and rental car expenses while his car was being repaired.

These examples demonstrate how Colonial Life's accident insurance can provide valuable financial assistance during unexpected accidents and injuries.

Colonial Life's insurance for life, accident, disability and more

Colonial Life is an insurance company that has been in the business of providing financial protection benefits for over 75 years. They offer a range of insurance products, including life, accident, and disability insurance, to help individuals and employees protect what they've worked so hard for from unexpected events.

Life Insurance

Colonial Life's life insurance plans provide financial security for your loved ones in the event of your passing. It can help cover funeral costs, ongoing living expenses, debts, and protect retirement plans. Their plans are customizable, with options like Individual Term Life and Individual Whole Life, to fit your specific needs.

Accident Insurance

Accident insurance from Colonial Life provides a lump-sum benefit to help with out-of-pocket expenses resulting from a covered accident or injury. This includes expenses like doctor bills, co-pays, emergency room fees, ambulance services, and even travel or lodging expenses related to the accident. Accident insurance covers both on-the-job and off-the-job injuries, giving you comprehensive protection.

Disability Insurance

Colonial Life's disability insurance provides income protection if you are unable to work due to a covered accident or illness. It helps maintain your livelihood and lifestyle by providing short-term disability benefits for up to two years. You can choose the appropriate benefit amount, which is payable monthly and can be used for rent, car payments, utilities, and more.

Colonial Life's insurance plans are designed to provide peace of mind and financial support during life's unexpected moments. With a range of customizable options, they help you protect what matters most and ensure that you and your loved ones are taken care of.

Colonial Life's history and years of service

Colonial Life has served America's workers for more than 75 years, providing financial protection benefits to individuals and policyholders. The company was founded in 1939 by Edwin F. Averyt and J. Clifton Judy, who started Mutual Accident Company in Columbia, South Carolina, in 1937 and sold accidental death coverage. In 1939, the company became Colonial Life & Accident Insurance Company, with the mission to help America's workers preserve and protect what they work hard to build.

In the 1950s, Colonial Life introduced worksite marketing of voluntary benefits through payroll deduction, and that first payroll deduction account remains a customer to this day. The company was an early adopter of computer technology in the 1970s, long before most other companies. In the 1980s, they expanded their marketing and introduced electronic enrollment capabilities nationwide. In the 2000s, they continued to innovate by creating an online enrollment system, and they have since added more innovative enrollment technologies and options.

Colonial Life provides benefits to employees for life's unexpected moments, including accidents, illnesses, and injuries. They offer multiple enrollment options, educational resources, and a simplified employee experience through their online portal. The company has expertise in the public sector and protects over 500,000 public sector employees in 42 states, 3,000 schools, and 5,000 local governments.

Colonial Life has been the arena sponsor of the University of South Carolina since 2003, and their name and logo are familiar to many Americans. The company remains dedicated to its mission of helping America's workers navigate unexpected events and challenging times.

Frequently asked questions