Life insurance needs change as life circumstances change:
Getting married
Buying a home
Having a child
Taking on additional debt
Salary changes
Colonial Life's Term Life Insurance provides protection for a specified period of time, typically offering the greatest amount of coverage for the lowest initial premium. This fact makes term insurance a good choice for supplementing cash value coverage during life stages where obligations are higher, such as while children are young. It is also a good option for families on a tight budget — especially since the insured can convert it to a permanent cash value plan later.
Benefits of Colonial Life's Term Life Insurance:
Provide loved ones with a tax-free benefit because life insurance benefits are typically free from income tax for the beneficiary.
An Accelerated Death Benefit is included that can pay a percentage of the death benefit if diagnosed with a terminal illness.
Take it with you if you change jobs or retire.
Convert to a Colonial Life cash value life insurance plan with no proof of good health to age 75.
Spouse and dependent children coverage is available.
Why take chances with your family's financial security? Talk to your Colonial Life benefits counselor about assessing your life insurance needs and find out more about Term Life Insurance.