Term Life Benefits

You want what’s best for your family, and that includes making sure they’re prepared for the future. With term life insurance from Colonial Life & Accident Insurance Company, you can provide financial security to help them cover their ongoing living expenses.

Advantages of term life insurance
• Lower cost when compared to cash value life insurance
• Same benefit payout throughout the duration of the policy
• Several term period options for flexibility during high-need years
• Benefit for the beneficiary that is typically tax free

Benefits and features
• Stand-alone spouse policy available whether or not you buy a policy for yourself
• Guaranteed premiums that do not increase during the selected term
• Ability to convert all or a portion of the benefit amount into cash value life insurance
• Flexibility to keep the policy if you change jobs or retire
• Built-in terminal illness accelerated death benefit that provides up to 75% of the policy’s death benefit (up to $150,000) if you’re diagnosed with a terminal illness1
• Premium savings for face amounts over $250,000 based on your health