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.
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.
The policy itself offers guaranteed purchase options. Policyholders can use those options to buy more coverage later, even if they suffer from bad health and become difficult to insure.
— Read LegacyShield, Sammons Affiliates Stock Life Product Shelves, on ThinkAdvisor.