The company was founded in April 1939 and the original mission remains the same today: "To help America's workers preserve and protect the vitally important things they work so hard to build."
The first product Colonial Life sold was accidental death coverage, which was offered as an employee benefit. Today, the company specializes in workplace benefits solutions including excellence in communications, enrollment and customer service, plus supplemental insurance products that include disability, life and special risk health coverage.
This business is in an industry that may require professional licensing, bonding or registration. BBB encourages you to check with the appropriate agency to be certain that all such requirements are currently being met.
While the BBB's report on this company contains a number of positives, there were also some negative aspects noted. For instance, the company did not respond to a BBB inquiry regarding their handling of complaints and their general customer service level.
Additionally, the company did not provide sufficient information about its policies and pricing to allow consumers to make an informed decision about buying their insurance.
The firm does not have much information on its website about the rates of its policies, and interested parties are required to call a representative in order to obtain this information. This can be time-consuming, especially for those who do not have a lot of free time to spend on research.
As a result of this, the firm does not receive the highest marks from consumers for its ease of doing business. It does, however, offer a variety of perks for employees and employers, such as pre-tax payroll deductions, electronic enrollment and the ability to take the policy with you when changing jobs or leaving the company.
The company also offers a variety of supplemental insurance, such as dental and hospital confinement indemnity, which complement traditional medical insurance.
These policies help offset the costs of copays and deductibles, which are not covered by most major medical plans. In addition, the company provides cancer and critical illness coverage.
The company has a strong reputation and a good financial outlook, but it has not always paid out claims as quickly as customers would have liked. As a result, some people have had to seek legal assistance to get the money they are owed.
An experienced attorney can help individuals in this situation. It is important to contact a lawyer with specific experience in dealing with this particular company, as the company uses tactics to avoid paying benefits to claimants. The sooner you contact a lawyer, the better your chances of successfully appealing a denial from colonial life and accident.
Did you find this article useful? Please Buy Us a Coffee or a Pizza to help cover this site's costs ...
Please donate to this Bitcoin address
Scan the QR code or copy the address below to your wallet to send some Bitcoin
Accident Sickness Unemployment Insurance Can Help You Weather A Storm
By Melissa Steele One of the biggest threats to a person’s livelihood is the possibility of being in an accident which leads to short-term or even long-term unemployment. Americans have gotten out of the habit of saving, with very few families having at least six months of living expenses saved. [READ FULL ARTICLE]
Colonial Life Accidental Death Insurance Review
By James Monto The company was founded in April 1939, and the original mission remains the same today: "To help America's workers preserve and protect the vitally important things they work so hard to build." The first product Colonial Life sold was accidental death coverage, which was offered as an employee benefit. [READ FULL ARTICLE]
What Is an Accidental Death Policy?
By Peter Martin A life insurance policy typically pays a beneficiary a lump sum if the insured dies, but an accidental death policy is different in that it also provides for the possibility of a payout if the insured is injured. [READ FULL ARTICLE]
Don't Get A Premium Increase With Insurance Accident Forgiveness
By Dr. Kavita Shaikh Having a good driving record, among other things, affects your insurance rates both positively and negatively. However, one of the main factors that keeps your insurance low over the years is whether or not you have ever had an accident. [READ FULL ARTICLE]
Student Accident And Sickness Insurance Provides Health Insurance For College Students And Their Dependants
By Frank Martin Going to college can be an interesting experience that requires a lot of changes in your life. There are a great many expenses involved as well, from books to tuition, food, and having a place to stay, but what many undergrads forget is their health. [READ FULL ARTICLE]
Group Personal Accident - A Must-Have For Employers
By Richard Romando Group personal accident is an insurance policy that covers the expenses associated with accidents. It is a perfect option for employees to get protection against unexpected mishaps that may take place while they are working. [READ FULL ARTICLE]
Common Carrier Accident Insurance Brokers
By Jared D. Ingram You can spend a lot of time researching the different type of insurance and still not find exactly what best suits your individual situation. For this reason many consumers seek the advice of a common carrier accident insurance broker. [READ FULL ARTICLE]
Accidental Death and Dismemberment Insurance
By George Melzer Accidental death and dismemberment insurance, or AD&D, pays a benefit to a beneficiary in the event of an accidental injury. It's often included as a rider or add-on to life or health insurance policies, but it also can be purchased as a stand-alone policy. [READ FULL ARTICLE]
Pleasant Hill, Great Bend, Peabody, Saraland, Alvin, West Monroe, Cathedral City, Casa Grande, Rockford, South Carolina, Greenfield, Hagerstown, Atlanta, Idaho Falls, Hammond, Jacksonville Beach, Lockhart, Florham Park, Chesterfield, Huron, Louisiana, Harrisburg, Rock Hill, Vermont, Huntington Beach, Delaware, Gardner, St. George, Woodburn, Nevada, Suisun City, Bridgeview, Coeur d'Alene, Jackson, Garden Grove, Radford, Marshfield, Puyallup, Hinsdale, Shafter, Goldsboro, Ozark, Nebraska, Ashland, Tennessee, New Mexico, East Point, Yeadon, Hastings, Barberton, Las Vegas, Sayreville, Hammond, SeaTac, Meadville, Huntsville, Highland Village, Beavercreek, Calhoun, Sapulpa, Brawley, Gloucester City, Clermont, Alamo, Norton Shores, Guam, Town and Country, Roseville, Loma Linda, Pataskala, Laguna Niguel, New Castle, Massachusetts, Marshalltown, Newberg