About Colonial Life
Colonial Life is an insurance company based in Columbia, South Carolina. They offer a wide range of financial protection options – accident, cancer, critical illness, dental, disability, hospital confinement indemnity and life insurance plans – to both individuals and businesses. They have more than 75 years of experience and pioneered worksite marketing of voluntary benefits through payroll deduction back in 1955. At the end of 2017, they served more than 90,000 businesses and organizations and provided coverage for more than 3.8 million policyholders.1
About voluntary benefits
Voluntary benefits (sometimes known as supplemental insurance or employee-paid benefits) are offered by the employer through the workplace where employees can choose to buy them in addition to any core benefits they may already get. They can be 100% employee-paid, so they don't have to impact the employer's budget. They can be packaged with the employer's core benefits offering to:
- Provide a more competitive benefits package
- Help fill gaps in existing benefit coverages
- Realize tax savings for the business and employees
- Enable employees to tailor the benefits package to help suit their needs.
Voluntary benefits are part of Colonial Life’s offering along with other group and individual coverages. For more information, take a look at the simple guide to voluntary benefits page.
1 Colonial Life & Accident Insurance Company internal data, 2017