July 24, 2017 12:09 PM ET


Company Overview of Colonial Life & Accident Insurance Company

Company Overview

Colonial Life & Accident Insurance Company provides insurance products and services. It offers personal insurance products in the areas of accident, cancer, critical illness, dental, disability, hospital confinement indemnity, and life insurance. The company serves small, mid-size, and large businesses; and the public sector in the United States. It offers products through a network of brokers. The company was founded in 1939 and is based in Columbia, South Carolina. Colonial Life & Accident Insurance Company operates as a subsidiary of Unum Group.

1200 Colonial Life Boulevard West

Columbia, SC 29202-1365

United States

Founded in 1939





Key Executives for Colonial Life & Accident Insurance Company

Chief Executive Officer and President
Age: 54
Chief Financial Officer
Senior Vice President of Customer Service and Information Technology
Senior Vice President of Finance and Risk Management
Senior Vice President of Customer Acquisition Services
Compensation as of Fiscal Year 2017.

Colonial Life & Accident Insurance Company Key Developments

Colonial Life & Accident Insurance Co. Appoints Josh Nelson as Chief Financial Officer

Josh Nelson has been named chief financial officer for Colonial Life & Accident Insurance Co. Nelson will focus on driving financial results at Colonial Life and across the Unum Group. He will be responsible for providing financial support, pricing and valuation, as well as overseeing actuarial support and collaboration with Unum US voluntary benefits lines of business. Nelson joins Colonial Life from MetLife, where he most recently served as vice president and chief financial officer of regional markets and sales.

Colonial Life & Accident Insurance Company Announces Newest Short-Term Disability Insurance Plan

Colonial Life & Accident Insurance Company announced that America's workers have a new affordable way to help protect their families and lifestyles with its newest short-term disability insurance plan. The new features of the individual disability product include: Coverage available to age 74, important since more workers are staying on the job longer; More competitive pricing that keeps coverage affordable; More options when coverage starts so employees can limit gaps in financial protection; Ability to increase coverage amounts at subsequent enrollments without health questions. The company said that employers also have more options to tailor disability coverage for the needs of their workforce. They can choose to offer plans that cover psychiatric and psychological conditions, and plans that provide disability benefits from the first day of a hospital stay. Colonial Life's plan also includes: Options to cover employees disabled at work as well as off the job; Coverage for employees unable to perform their own job, not just any job; Monthly benefits that replace up to 60% of an employee's income, up to $6,500 per month; Payment of a portion of benefits when employees with a disability can work part-time; Coverage that employees can take with them to new jobs without a rate increase. The new individual short-term disability product is available now in 31 states, with additional states coming in the future.

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