Colonial Life & Accident Insurance Company
Encyclopedia
Colonial Life & Accident Insurance Company is a U.S. insurance
company based in Columbia
, South Carolina
(USA). It was founded in 1937 and incorporated as Colonial Life & Accident Insurance Company (the legal name to this day) in 1939. Colonial Life is a market leader in providing personal insurance benefits for employees and their families through the workplace, along with individual benefits education, advanced yet simple-to-use enrollment technology and quality personal service. Colonial Life offers disability, life and supplemental accident and health insurance policies in 49 states and the District of Columbia. Similar policies, if approved, are underwritten in New York by a Colonial Life affiliate, The Paul Revere Life Insurance Company, Worcester, Mass. Colonial Life is a subsidiary of Unum Group, one of the world's leading providers of employee benefits.
Colonial Life's vision is to be the company of choice for voluntary benefits programs offered through the workplace. The company's mission statement says it is committed to helping working Americans understand and appreciate the benefits available to them through the workplace and select the benefits they need to protect their families and lifestyles.
Colonial Life employs about 1,100 people and has an 8,000-member independent contractor national sales organization. The company has approximately 3 million policies in place and serves 70,000 businesses and organizations (as of year-end 2010). It repeatedly is named one of the best large companies to work for in South Carolina.
Insurance
In law and economics, insurance is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for payment. An insurer is a company selling the...
company based in Columbia
Columbia, South Carolina
Columbia is the state capital and largest city in the U.S. state of South Carolina. The population was 129,272 according to the 2010 census. Columbia is the county seat of Richland County, but a portion of the city extends into neighboring Lexington County. The city is the center of a metropolitan...
, South Carolina
South Carolina
South Carolina is a state in the Deep South of the United States that borders Georgia to the south, North Carolina to the north, and the Atlantic Ocean to the east. Originally part of the Province of Carolina, the Province of South Carolina was one of the 13 colonies that declared independence...
(USA). It was founded in 1937 and incorporated as Colonial Life & Accident Insurance Company (the legal name to this day) in 1939. Colonial Life is a market leader in providing personal insurance benefits for employees and their families through the workplace, along with individual benefits education, advanced yet simple-to-use enrollment technology and quality personal service. Colonial Life offers disability, life and supplemental accident and health insurance policies in 49 states and the District of Columbia. Similar policies, if approved, are underwritten in New York by a Colonial Life affiliate, The Paul Revere Life Insurance Company, Worcester, Mass. Colonial Life is a subsidiary of Unum Group, one of the world's leading providers of employee benefits.
Colonial Life's vision is to be the company of choice for voluntary benefits programs offered through the workplace. The company's mission statement says it is committed to helping working Americans understand and appreciate the benefits available to them through the workplace and select the benefits they need to protect their families and lifestyles.
Colonial Life employs about 1,100 people and has an 8,000-member independent contractor national sales organization. The company has approximately 3 million policies in place and serves 70,000 businesses and organizations (as of year-end 2010). It repeatedly is named one of the best large companies to work for in South Carolina.