Plan for the future and protect the people who matter most. Life insurance can help your loved ones cover their needs, living expenses and protect their retirement.
Get the Coverage That's Right for Your Needs
No matter where you are in life, you can get coverage that’s right for your needs with options that can help you protect your family’s future.
- Benefits are typically paid tax-free to the person you choose to receive your benefits.
- Life insurance policies are portable, so you can keep your coverage if you change jobs or retire.
- Guaranteed‐issue coverage may be available for some plans, which means no medical questions or exams are required to be eligible for coverage.
Below is an overview of the major types of life insurance we offer through Colonial Life. While your age and health can affect your options, your benefits counselor can help you determine what coverage is right for you.
|Term Life||Universal Life||Whole Life|
|Key features||LevelIdeal coverage for high-demand years when you need coverage most||FlexibleFlexibility to manage your policy over time as needs change||GuaranteedPermanent coverage that remains the same|
|Death benefit||Payable if you pass away within the term period you select||May be increased or decreased to suit your needs (within certain guidelines)||Stays the same as long as you make payments|
|Premium payments||Stay the same during the selected term period||Vary depending on changes to the death benefit amount or fluctuations in credited interest rates||Remain the same throughout the life of the policy|
|Cash value||Not a feature of term life||Builds based on credited interest rates||Values are set when you purchase the policy|
Our life insurance is designed with both employees and employers in mind
Ready to find out more? Get started today!
Let us demonstrate how you can start financially protecting yourself and your family.