What is Colonial Life?
Colonial Life is an insurance company based in Columbia, South Carolina. They offer a wide range of financial protection options – accident, cancer, critical illness, dental, disability, hospital confinement indemnity and life insurance plans – to both individuals and businesses.
Who bought out Colonial Life insurance?
Unum subsidiary
Unum subsidiary Unum acquired Colonial Life in 1993 for $571 million.
What does Colonial Life pay for?
If you experience a covered accident or injury, accident insurance from Colonial Life provides a lump-sum benefit that can be used to help you pay for out-of-pocket expenses, such as doctor bills, co-pays or emergency room fees. Policyholders, file claims, view your policies and more by logging in to our secure site.
Can you borrow from Colonial Life?
Yes, you can borrow against your Colonial life insurance policy by filling out a request for service form and mailing it to the address specified. If you don’t request a specific amount, then Colonial will issue a loan for the maximum amount possible on your policy.
What is interesting about colonial life?
Most of the people living in Colonial America lived and worked on a farm. Although there would eventually be large plantations where the owners became wealthy growing cash crops, life for the average farmer was very hard work. They had to work hard all year long just to survive.
What was colonial life really like?
Much of colonial life was hard work, even preparing food. But colonists found ways to mix work with play. They also enjoyed sports and games. For most of the 1700s, the colonists were content to be ruled by English laws.
Is Colonial Life an MLM?
Colonial Life is not a scam, insurance MLM, or pyramid scheme. It’s one of the more well-known insurance providers and has a large network of providers at its disposal, as well as training tools for its employees.
How much does Colonial Life pay for mammogram?
A $200 Mammography Benefit can help pay for the costs of one baseline mammogram between the ages of 35 and 3 , one mammogram every two calendar years if age 40 to 4 or more frequently if recommended by physician, and one mammogram each calendar year if age 50 or older.
Does Colonial Life cover pregnancy?
If it’s not a pre-existing condition, Colonial Life pays for complications of pregnancy to the same extent as any other covered sickness. If an employee becomes pregnant after the policy’s effective date and has a premature birth, will Colonial Life pay disability benefits? No.
How much does Colonial Life pay for pap smear?
$50 per screening test. Maximum of 1 screening test per covered person per calendar year. This benefit helps you pay for part of the expense of tests you may normally have each year. For cost and complete details, see your Colonial Life benefits counselor.
What type of insurance is Colonial Life?
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.