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About The Colonial Life
Industry
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Main Location
Chattanooga, TN, USA
Colonial Life & Accident Insurance Company is a well-established American insurance provider, founded in 1939 by Edwin F. Averyt. Headquartered in Columbia, South Carolina, Colonial Life focuses on offering voluntary employee benefits to protect workers across the United States.
Known for its comprehensive insurance products and pioneering worksite marketing methods, Colonial Life operates in 49 states with a strong presence in Miami and other significant markets. The company supports millions of employees through innovative voluntary benefits solutions tailored to meet diverse workplace needs.
When Was Colonial Life & Accident Insurance Company Established?
Founded: 1939
Founder: Edwin F. Averyt
Headquarters: Columbia, South Carolina, USA
Industry: Insurance
Employees: Approximately 1,200 home office professionals and 10,000 sales representatives
Annual Revenue: Over $1.8 billion in in-force premium as of 2021
Colonial Life’s Mission Statement
“To help America's workers preserve and protect the vitally important things they work so hard to build.”
What Is Colonial Life Known For?
Colonial Life stands out in the insurance industry for several key attributes that make it a leader in voluntary employee benefits.
Innovative Worksite Marketing
Colonial Life pioneered the worksite marketing of voluntary benefits through payroll deduction starting in 1955. This innovative approach has made it easier for employees across the U.S., including Miami-area workers, to access essential benefits aligned with their needs.
Personalized Benefits Counseling
The company offers personalized benefits counseling and multiple enrollment options, ensuring employees understand their insurance choices and make informed decisions about their coverage.
Tailored Benefits and Education
With a focus on benefits education, Colonial Life provides customized insurance plans including disability, accident, life, cancer, critical illness, and hospital confinement insurance, empowering customers with knowledge and support.
How Many Locations Does Colonial Life Operate?
Colonial Life is headquartered in Columbia, South Carolina, but operates extensively across 49 states in the U.S., including Miami and other major cities.
The company's expansive reach is supported by a network of independent agents and brokers, serving over 4 million policyholders through more than 87,000 client organizations nationwide.
States Served by Colonial Life
Colonial Life’s voluntary benefits services are available in 49 states, providing widespread access to financial protection for employees in diverse industries across the country.
Who Owns Colonial Life?
Colonial Life operates as a subsidiary of Unum Group, one of the largest providers of employee benefits in the United States. This affiliation allows Colonial Life to leverage Unum’s extensive resources to deliver superior insurance solutions.
Is Colonial Life Currently Hiring?
You can check out the open positions that Colonial Life has right here on OysterLink.
Colonial Life Frequently Asked Questions
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