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finder.com's rating: 2.5 / 5
★★★★★
18 to 70
Issue Age
Not listed to Not listed
Coverage
No
Medical Exam Required
Policies | Term, Whole Life |
---|---|
Coverage maximum | Not listed |
Term lengths | 10, 15, 20 or 30-year option |
Medical exam required | No |
Available states | Not listed |
Issue age | Not listed |
Riders |
No riders available |
---|
Review by
Katia Iervasi is a staff writer who hails from Australia and now calls New York home. Her writing and analysis has been featured on sites like Forbes, Best Company and Financial Advisor around the world. Armed with a BA in Communication and a journalistic eye for detail, she navigates insurance and finance topics for Finder, so you can splash your cash smartly (and be a pro when the subject pops up at dinner parties).
Colonial Life offers portable life insurance plans through the workplace — which means you can access subsidizes premiums and take your coverage with you if you switch jobs. And if you want to avoid answering questions about your health and family medical history, you may be able to purchase a guaranteed issue policy.
But if you’re looking for an individual policy that can be customized with riders, compare life insurance companies.
If your employer offers policies as part of your benefits, you’ll be able to apply for coverage. Your HR team will guide you through the process.
Colonial Life offers two types of policies:
No. But that’s not unusual — and your policy may include riders chosen by your employer.
Colonial Life isn’t accredited with the Better Business Bureau (BBB), it has an A+ rating for its customer interaction. The BBB hasn’t recorded any reviews or complaints to date, and the insurer doesn’t have a presence on TrustPilot, either.
AM Best financial rating |
A |
BBB accredited | No |
BBB rating | A+ |
Customer reviews verified as of | 19 January 2021 |
Colonial Life offers a range of insurance products that allow you to provide your employees with a complete benefits package, including:
★★★★★ — Excellent
★★★★★ — Good
★★★★★ — Average
★★★★★ — Subpar
★★★★★ — Poor
Our experts analyze life insurance companies to help you to find the strongest possible policy and premium for your family’s needs. We assess their financial strength, customer satisfaction, policy features and riders. We then give each insurer a score between one and five stars that reflects their offering and reputation in the industry.