Colonial is a life and accident insurance company that particularly aims at helping American workers, since its foundation. Their first and foremost mission is to preserve as well as protect the most significantly essential things they work on very hard to build. It is located with its headquarters at Colombia of South Carolina.
In the year 1937, Colonial insurance company was first started by Edwin F. Averyt and J. Clifton Judy. The first insurance they started was for accidental death coverage. It was named as Mutual Accident Company. Later in the year 1939, it was renamed as Colonial Life & Accident Insurance Company with its goal to protect and help American workers. While in the year 1955, it has laid the foundation to introduce work-site marketing of voluntary benefits but that has to be done only with the help of payroll deduction.
It was the first life insurance company which has introduced and also implemented computer technology in 1970’s only. While in 1980’s it started to market insurance policies with the help of section 125. In the same year it also introduced nationwide enrolling capabilities in electronic way. Online enrollment system was introduced by this company in the year 2000. Present CEO of the company is Randall C. Horn.
Colonial insurance company provides various beneficial policies to American workers just to help them protect their lives and families. All these policies will have following benefits:
The following are the beneficial insurance policies provided by colonial insurance company:
Prices for the policies at the Colonial life insurance vary according to the policy selected and term of the policy.
Filing a claim is an easy process at Colonial life insurance company which can be done through following:
It also helps to check the status of the claim or in-case if a new claim as to be filed then it can be accessed by just logging into the site.
Lines of Insurance: Life, Disability
States licensed to sell insurance in: AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY
Type of Insurance Company: Mutual
Name of Parent Company:
Colonial Insurance Company Rating: A-
Company Financial Status:
Assets & Premiums: 2006 Premiums: $879 Million
2006 Assets: $1.774 Billion
Moody's rating: Baa1 (adequate)
Standard & Poor's rating: BBB+ (good)
Fitch rating: A- (strong)
President Randall C. Horn
P.O. Box 1365
Columbia, SC 29201-1365
|NAICS Code||524210, Insurance Agencies and Brokerages|
Randall C. “Randy” Horn
President and Chief Executive Officer
Senior Vice President – Customer Acquisition Services
Senior Vice President – Customer Service and Information Technology
Senior Vice President – Finance and Risk Management
L Kennedy “Kenny” Boggs
Senior Vice President – Legal and Compliance for Colonial Life
Senior Vice President – National Sales