Colonial Life launches new whole life coverage

COLUMBIA, S.C.–([1])–Many people just think of life insurance as something useful when there’s a death.

But Colonial Life’s new individual whole life insurance coverage announced today has the flexibility to provide benefits while the policyholder is still alive.

Colonial Life’s new product debuts in 48 states and the District of Columbia – just in time for a busy enrollment season and Life Insurance Awareness Month.

“Life insurance should be a part of every financial protection foundation,” said Rula Kibler, a product manager for Colonial Life. “And our new whole life product offers some great new benefits that can help a policyowner while they are still living.”

Some of those accelerated death benefits include:

  • A chronic care rider that provides access to benefits to help with expenses while living with a chronic illness; and
  • A critical illness rider that provides access to benefits following a heart attack, stroke or renal (kidney) failure to help with immediate expenses.

Earlier this year, Colonial Life launched a new individual term life coverage[2] that also included several ways for customers to personalize coverage based on their individual needs.

The new whole life product is also flexible in other ways beyond living benefits. It also allows policyholders to personalize their coverage in meaningful ways, including:

  • Multiple plan options to determine when premiums will be paid-up;
  • Increased face amounts;
  • Guaranteed purchase options that allow for the purchase of additional coverage without having to answer health questions;
  • Options to purchase life insurance coverage for children; and
  • Non-medical underwriting available for a wide range of ages and face amounts.

The 2019 Life Insurance Barometer Study from Life Happens[3], a nonprofit partner with Colonial Life, revealed fewer than half of all Americans say they are knowledgeable about life insurance and four in 10 U.S. households without life insurance would immediately struggle to pay living expenses if a primary wage-earner died. Visit[4] to learn more about your family’s life insurance needs.

“We want to make sure we have our customers’ best interests in mind,” Kibler said. “By offering products with extensive flexibility, we are able to cater to each individual’s life insurance needs.”

The coverage is underwritten by Colonial Life & Accident Insurance Company in Columbia, S.C. Policies and their provisions may vary or be unavailable in some states. Policies has exclusions and limitations which may affect any benefits payable.

About Colonial Life

Colonial Life & Accident Insurance Company is a market leader in providing financial protection benefits through the workplace, including disability, life, accident, dental, cancer, critical illness and hospital confinement indemnity insurance. The company’s benefit services and education, innovative enrollment technology and personal service support nearly 95,000 businesses and organizations, and 4.5 million of America’s workers and their families. For more information visit[5] or connect with the company at[6],[7] and[8]. Colonial Life is a registered trademark and marketing brand of Colonial Life & Accident Insurance Company.


  1. ^ (
  2. ^ launched a new individual term life coverage (
  3. ^ Life Happens (
  4. ^ (
  5. ^ (
  6. ^ (
  7. ^ (
  8. ^ (

Source URL: Read More
The public content above was dynamically discovered – by graded relevancy to this site’s keyword domain name. Such discovery was by systematic attempts to filter for “Creative Commons“ re-use licensing and/or by Press Release distributions. “Source URL” states the content’s owner and/or publisher. When possible, this site references the content above to generate its value-add, the dynamic sentimental analysis below, which allows us to research global sentiments across a multitude of topics related to this site’s specific keyword domain name. Additionally, when possible, this site references the content above to provide on-demand (multilingual) translations and/or to power its “Read Article to Me” feature, which reads the content aloud to visitors. Where applicable, this site also auto-generates a “References” section, which appends the content above by listing all mentioned links. Views expressed in the content above are solely those of the author(s). We do not endorse, offer to sell, promote, recommend, or, otherwise, make any statement about the content above. We reference the content above for your “reading” entertainment purposes only. Review “DMCA & Terms”, at the bottom of this site, for terms of your access and use as well as for applicable DMCA take-down request.

1 2