What type of insurance does Colonial Life sell?

Colonial Life: Insurance for Life, Accident, Disability and More.

What is covered by accident insurance?

Accident insurance covers qualifying injuries, which might include a broken limb, loss of a limb, burns, lacerations, or paralysis. In the event of your accidental death, accident insurance pays out money to your designated beneficiary.

Can you cash out a Colonial Life insurance policy?

When can I convert to a cash value policy? You can convert your policy to a Colonial Life cash-value life insurance policy any time through age 75 (unless you have used the Accelerated Death Benefit or Waiver of Premium Benefit Rider) with no evidence of insurability.

How much life insurance do you get from Colonial Penn for $9.95 a month?

Colonial Penn Life Insurance Benefits and Rates

Units Life Insurance Benefit Amount at 50 Average Monthly Life Insurance Rates
1 $1,786 $9.95
2 $3,572 $19.90
3 $5,358 $29.85
4 $7,144 $39.80

Is Colonial Life better than Aflac?

Aflac is most highly rated for Work/life balance and Colonial Life & Accident Insurance Company is most highly rated for Work/life balance….

Overall Rating
3.5 3.6
Work/life balance
3.7 3.7
Compensation and benefits

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.

What is considered an accidental injury?

Accidental injury as the name suggests delineates all those types of injuries which are the outcome of a mishap. Falls, cuts, burns, road accidents, bites, stings, and drowning are examples of accidental injuries. Accidents can happen at any time and accidental injury is a significant cause of death.

How long does it take Colonial Life to process a claim?

The mail claims that I sent were usually about a 10-14 day turnaround and the faxed claims were about half that. I am very pleased with Colonial Life and would recommend it to anyone.”

What is the purpose of term life insurance?

Term life insurance provides coverage for a set period of time, typically from five to 30 years or to a certain age, such as 65. If you die before the term is up, the insurance company pays out benefits to your beneficiaries. Term life policies are simpler and usually less expensive than whole and universal life.

How much life insurance can you get for 9.95 a month?

The Colonial Penn life insurance for $9.95 per month is a guaranteed acceptance whole life policy with a 2-year waiting period….What is a unit?

AGE 1 Male Unit ($9.95) 1 Female Unit ($9.95)
82 $423 in coverage $560 in coverage
83 $421 in coverage $531 in coverage
84 $420 in coverage $503 in coverage

What kind of life insurance does Suze Orman recommend?

term life insurance
Suze recommends that you should get term life insurance and continues to add that most people should get a 20 year term policy. Suze Orman also says that the coverage you should get, should be 20 times your annual income.

Is Colonial insurance Worth?

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.

How does colonial life critical illness insurance work?

How Colonial Life critical illness insurance works. Health insurance is supposed to be there when you need it most, yet it often fails to cover all the expenses associated with a critical illness. Fortunately, Colonial Life can help bridge the gap and give you greater peace of mind. Colonial Life critical illness insurance helps supplement your major medical coverage by providing a lump-sum benefit that you may use to pay direct and indirect costs related to the most prevalent critical

What is the phone number for colonial life?

The contact number of Colonial Life Insurance is (818) 973-2737.

What is the address for colonial life insurance?

Colonial Life & Accident Insurance Company Corporate Headquarters is a Health Insurance facility at 1200 Colonial Life Blvd W in Columbia, SC.

What is colonial term life insurance?

Colonial Life offers short-term disability insurance which pays out monthly for up to two years in the event of an accident or illness. These plans are also portable, so they can be continued after a job change.