Colonial Insurance Company

Colonial Insurance Company
President  Randall C. Horn
P.O. Box 1365
Columbia, SC 29201-1365

In life, one thing that we must be concerned about is the preparation that we make in order to ensure our financial security and that of our loved ones in the future. This is the reason why we should always consider getting life insurance plans, and getting it from a source that is reliable and with a strong and solid reputation for providing excellent service.

Colonial Insurance Company is one such company. The company offers both life and disability coverage for policy owners. It operates under parent company UNUM Group and sells insurance directly in Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Illinois, Indianapolis, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Minnesota, Michigan, Mississippi, Missouri, Montana, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, and Wyoming.

The company’s listed assets and premiums in 2006 amounted to $879 million; 2006 assets was at $1.774 billion. Moody’s rating for the company is “Baa1” or adequate, while Standard and Poor’s is “BBB+” for good. Fitch rates the company with a rating of “A-” or strong.

Colonial Insurance is headed by Randall Horn, its president and chief executive officer. Other officers who complete the roster include Henry Price, senior vice president for Customer Acquisition; Annaclair Kiger, SVP for Customer Service and Information Technology; David Parker, SVP for Finance and Risk Management; L. Kennedy Boggs, SVP for Legal; and Tom Gilligan, SVP for National Sales.

The company is based in Columbia, South Carolina. It was established in 1939 and continues to evolve and come up with excellent and rewarding plans for its policyholders. Currently, its workforce numbers 1,100, with 6,400 members for independent agents for its nationwide sales force, and 5,500 Colonial Life brokers.

Currently, the company has an estimated 2.9 million policies in force. With its arsenal of people, good service and products, the company is able to provide service to approximately 60,000 businesses, markets and organizations all throughout the states where it is licensed to sell. The company also exists as a subsidiary of UNUM Group, a Fortune 500 firm that provides employee compensations and benefits as well as disability and income insurance coverage.

Some of the company’s broad line of plans include personal insurance coverage that encompass disability, accident, severe illnesses, confinement, life, cancer and limited medical coverage. As a policyholder, you can consult with your licensed Colonial Insurance agent and ensure that the policies are suited to your individual requirements.

One great thing about the plans that Colonial Insurance offers is that they provide cash benefits, whether the insured possesses other insurance or plan coverage, aside from the one carried by the company. The policy owners can use this money to pay for other fees or expenses that are not covered by other medical plans. This kind of flexibility makes the insurance carried by Colonial Insurance unique and attractive to the people who wish to provide themselves with maximum protection at the most reasonable price possible. In addition, the company’s products provide you with alternatives so that you can decide for yourself the unique option you wish to choose, that is designed to enhance and complement your lifestyle and personal needs.

So if you are looking for a coverage that will best fit you and your vision of the future, then you may well check Colonial Insurance and see what the company has to offer. Who knows? It just might be the best investment you will ever make in your whole life.