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Unum Group’s Colonial Life & Accident Insurance Company unit is celebrating Life Insurance Awareness Month by introducing a whole life insurance policy.
Colonial Life will be selling the policy at the worksite in 48 states and the District of Columbia.
(Related: Northwestern Mutual and Knights of Columbus Add Whole Life Policies)
Policy options include a chronic care rider and a critical illness rider. The critical illness rider is designed to pay benefits if an insured suffers a heart attack, a stroke or kidney failure.