Colonial Life has made changes to its whole life insurance plan. The plan is designed to enable employees to purchase a greater amount of coverage and makes it easier for them to qualify for the coverage.
Colonial says it increased the cash value of its plan to comply with regulations that require many insurers to increase the cash value of their whole life policies in 2014. The company’s revised Whole Life 1000 insurance plan allows employees to purchase up to $300,000 in coverage.
Register or login for access to this item and much more
All Digital Insurance content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access