Life and Accident - Life Insurance
Colonial Life and Accident
Life and Accident has more than 2 million policies in force
and serves more than 40,000 businesses and organizations.
Colonial has also helped more than 30,000 employers implement
flexible benefits plans.1
Companies, Inc., the parent company of Colonial Life &
Accident Insurance Company, merged with Unum Corporation in
1993. On June 30, 1999, Unum Corporation and Provident Companies,
Inc., merged to form UnumProvident Corporation, which through
its subsidiaries is the world leader2 in income protection
and complementary coverages. Marketing under the Unum brand,
UnumProvident Corporation combines the individual income protection
and return-to-work expertise of Provident and Unum's leadership
in group disability and other specialty coverages. UnumProvident
Corporation offers expanded distribution, greater benefits
expertise and comprehensive products and services to a broad
range of individual and corporate customers in markets around
Tops Disability Ranking
Life & Accident Insurance Company is number one in the
country for individual guaranteed renewable disability insurance
total net premiums written. This marks the fourth consecutive
year that Colonial achieved the top spot in the category,
which is based on Colonial's net premiums written on disability
income products known as Lifestyle Protection Series and Lifestyle
Protection categories. Colonial is also the third largest
insurer of individual dread disease and the sixth largest
insurer of individual guaranteed renewable accident and health.
Life and Accident continue to uphold their traditions of highest
ethical standards of business conduct, dedication to providing
quality products and service to their policyholders, and concern
and respect for their employees and sales organization. Colonial
Life and Accident do this by putting people first in everything
they do: the way they serve their customers, treat their employees
and sales organization, and support the community.
Colonial Life & Accident Insurance Company corporate
records as of December 31, 1999.
the #1 group disability carrier and the #1 individual
income protection carrier in the United States and Canada,
according to Employee Benefit Plan Review (EBPR), May
2000, and A.M. Best 1998.
rankings are based on A.M. Best's Sales Studies: Health
Sales Results, 2000 Edition. These studies rank net premiums
written on both group and individual products.
Community Involvement - From the Heart
the Heart" is the name Colonial Life and Accident chose
for its employee volunteer program. It could also describe
their overall corporate community involvement program, including
individual and corporate volunteerism, and financial support
for more than 50 organizations and projects annually. Colonial's
corporate giving mission is to be a good corporate citizen:
to be part of the community and to help resolve social and
economic problems. Colonial helps fund:
ballet, symphony and museums.
training and development programs.
and drug abuse education projects.
abuse prevention projects.
Life and Accident also encourages employees to get directly
involved and contribute their time, experience and hearts.
Colonial Life and Accident help employees find compatible
opportunities for volunteering and match their volunteer time
with grants to nonprofit organizations of their choice.
Colonial Life and Accident - Life Insurance
Term Life Insurance
Life and Accident term life insurance plans combine the advantages
of low-cost life insurance with the flexibility of individually-owned
coverage. Premiums, coverage amounts and term periods vary
depending on the employee's needs.
this product can do for employers
can increase the value of their employee benefits program
with individually- owned term life insurance that provides
coverage for employees and their families.
can attract and retain the best employees when they offer
benefits options that meet their employees' needs.
can provide a more comprehensive benefits program at no
may use a term plan for key business needs, such as offering
life insurance to a key employee or protecting a business
plans will not replace any other existing life insurance
plan included in their employee benefits program.
this product can do for employees
can own large amounts of term life insurance coverage
for relatively low premiums.
can protect themselves and their families with the amount
of coverage they need for the specific period of time
they need it.
the event of an insured employee's premature death, the
beneficiary can use the term insurance benefits to pay
for final expenses, provide financial security, repay
debts or fund a child's education.
do not have to meet participation requirements to offer
may convert all or part of term insurance to permanent
life insurance coverage with no additional underwriting.
coverage is guaranteed renewable, and they may keep the
coverage at the same premium rate if they change jobs
may purchase coverage for their spouses and dependent
P.O. Box 1365,