Whole Life Insurance

Whole Life insurance from Colonial Life & Accident Insurance Company provides guaranteed features – cash value accumulation, premium rates and death benefit (minus any loans and loan interest) – that help ensure those benefits will be there to help protect your family’s way of life.

Guaranteed protection: Offers lifetime protection with a guaranteed death benefit that will not change as long as premiums are paid when due

Guaranteed premiums: Promises a level premium that stays the same from the day you purchase the policy

Guaranteed cash value: Guarantees the cash value amount – which accumulates on a tax-deferred basis

• The policy provides a benefit for the beneficiary that is typically free from income tax.
• There are three option dates to purchase additional coverage with no proof of good health required if you are age 55 or younger at the time of purchase.
• The policy’s accelerated death benefit can provide a percentage of the death benefit if the insured is diagnosed with a terminal illness.
• A $3,000 immediate claim payment is available as an advance of the death benefit, paid to the designated beneficiary.