NU Online News Service, Oct. 30, 2003, 12:26 p.m. EST – The South Carolina Budget and Control Board’s Employee Insurance Program has picked Colonial Life & Accident Insurance Company, Columbia, S.C., to handle government employee benefits enrollment.
Colonial Life will help employees sign up for medical insurance and other core benefits through in-person meetings with licensed sales representatives. The company also will help employees buy universal life insurance.
Colonial Life, which won the contract through a competitive bidding process, could end up handling enrollment for as many as 50,000 state employees and 120,000 employees of other public agencies.
Colonial Life has been selling voluntary insurance products to South Carolina state employees for about 40 years, but the new contract is the first that gives Colonial Life a role in administering core benefits, the company says.
Colonial Life is a unit of UnumProvident Corp., Chattanooga, Tenn.