Company named a 2018 Voluntary Sales Growth Leader by Eastbridge
Consulting Group
COLUMBIA, S.C.–(BUSINESS WIRE)–For the second straight year, Colonial Life has been named the
fastest-growing voluntary benefits company among large carriers by
Eastbridge Consulting Group.
Colonial Life’s voluntary sales grew 8 percent in 2018, totaling $561
million. That’s the biggest growth of any company with more than $150
million in annual sales that has exceeded the industry average each of
the past three years, according to Eastbridge. The performance earned
Colonial Life the 2018 Voluntary Sales Growth Leader recognition.
“Growing faster than the industry average for three years in a row is
not easy for any company, but it’s especially difficult in the large
carrier category,” said Gil Lowerre, president of Eastbridge. “We
commend Colonial Life for this achievement.”
Voluntary sales totaled $8.5 billion in 2018, according to Eastbridge’s
annual U.S. Voluntary/Worksite Sales Report. Voluntary benefits include
any financial protection that employees can choose at the workplace,
including life insurance, disability insurance, dental insurance,
accident insurance, critical illness insurance and cancer insurance.
“Escalating healthcare costs are burdening U.S. employees like never
before. Our 1,400 home office employees and the 14,000 members of our
sales organization are helping millions of consumers realize they can
affordably protect their finances, their families and their futures with
voluntary benefits,” according to Colonial Life President and CEO Tim
Arnold.
“Colonial Life’s growth is just a sign that we are helping America’s
workers understand voluntary benefits and that, in turn, helps them
better engage with their employers.”
About Colonial Life
Colonial Life & Accident Insurance
Company is a market leader in providing financial protection benefits
through the workplace, including disability, life, accident, dental,
cancer, critical illness and hospital confinement indemnity insurance.
The company’s benefit services and education, innovative enrollment
technology and personal service support nearly 95,000 businesses and
organizations, and 4.5 million of America’s workers and their families.
For more information visit www.coloniallife.com
or connect with the company at www.facebook.com/coloniallifebenefits,
www.twitter.com/coloniallife
and www.linkedin.com/company/colonial-life.
Colonial Life is a registered trademark and marketing brand of Colonial
Life & Accident Insurance Company.
Contacts
Chris Winston
803-678-6997
[email protected]
