What is covered under colonial life accident policy?
Depending on your policy , accident insurance can help cover expenses resulting from your covered accident like: Emergency room visits, X-rays, diagnostic exams, physical therapy and follow-up treatment. Ambulance or air ambulance to a hospital. Hospital stays, travel or lodging expenses related to your accident .
Is Colonial Life a good company?
Yes, Colonial Life has good to excellent financial strength ratings by Moody’s, S&P, and AM Best credit rating companies. The company guarantees it will pay death benefits if you pass away within the assigned term (for the term life insurance plan) or as long as you continue to pay your premium .
How do I file a claim with Colonial Life?
Simply call 1-800-325-4368, and one of our specialists will take care of you.
Can you borrow from Colonial Life?
Can I borrow against my Colonial Life’s life insurance policy? Yes, you can borrow against your Colonial life insurance policy by filling out a request for service form and mailing it to the address specified. If you have this problem, you should contact Colonial Life and Accident directly at (800) 325-4368.
What is considered an accidental injury?
Accidental injury as the name suggest delineates all those types of injuries which are the outcome of an unforeseen and unfortunate mishap. Falls, cuts, burns, road accidents, bites, stings and drowning are examples of accidental injuries . Such injuries are covered under individual personal accident insurance.
What is considered a covered accident?
Covered Accident means an accident that occurs while coverage is in force for a Covered Person and results directly and independently of all other causes in a loss or Injury covered by the Policy for which benefits are payable.
Is Colonial Penn Life Insurance A Good Deal?
Colonial Penn earned 2 stars out of 5 for overall performance. Life insurance options from Colonial Penn include: Term life . Applicants ages 18 to 75 can buy up to $50,000 of term life insurance .
Is Colonial Life a pyramid scheme?
Is Colonial Life a scam / pyramid scheme /MLM? Colonial Life is not a scam , insurance MLM, or pyramid scheme . It’s one of the more well-known insurance providers and has a large network of providers at its disposal, as well as training tools for its employees.
When should you stop term life insurance?
How do I know when to stop term life insurance ? There’s no one right age, but some people cancel their policies when they are older and don’t need to leave a death benefit for their children.
How does Colonial short term disability work?
Colonial Life’s Short – Term Disability Income Protection insurance replaces a portion of your income if you become unable to work because of a covered illness or injury. This income can help you continue paying: Mortgage or rent payments. Utility bills and other household expenses.
How does a life insurance work?
A life insurance policy is a contract with an insurance company. In exchange for premium payments, the insurance company provides a lump-sum payment, known as a death benefit, to beneficiaries upon the insured’s death. Typically, life insurance is chosen based on the needs and goals of the owner.
What is a wellness claim?
enrolled in Accident Insurance. What is the Wellness Benefit ? The Wellness Benefit is a rider that is included with your Accident Insurance coverage. It provides an annual benefit payment if you complete a health screening test, whether or not there is any out-of-pocket cost to you.
When can you borrow from life insurance?
A whole life policy essentially has two values: the face value or death benefit, and the cash value that acts as a savings account. Once the money invested increases the amount of the death benefit, the tax-free cash value can then be borrowed against.
Does Colonial Life cover pregnancy?
If the pregnancy is not a pre-existing condition, complications from the pregnancy such as pre-term labor, gestational diabetes and pre-eclampsia are covered just like any other covered sickness. For cost and complete details, see your Colonial Life Benefits Counselor.
What does Colonial cancer cover?
Colonial Life cancer insurance offers benefits to assist with out-of-pocket costs that may not be covered by your medical insurance , including expenses related to inpatient or outpatient treatment, surgery, travel and recovery care.