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You called Colonial Penn for a quote for life insurance. They told you that you have to buy units. For a 68 year-old-male, 1 unit at $9.95 a month will give you $792 in life insurance coverage. This is a good deal because it only costs $9.95 each month for one unit.
2016: Unum acquires Starmount Life, expanding Unum US (2017) and Colonial Life (2018) into the dental market.
Unum subsidiary Unum acquired Colonial Life in 1993 for $571 million.
Unum Group was created by the 1999 merger of Unum Corporation and The Provident Companies and comprises four distinct businesses \u2013 Unum US, Unum UK, Unum Poland and Colonial Life....Unum. FormerlyUnion Mutual (1848\u20131986) Unum Corporation (1986\u20131999) UnumProvident Corporation (1999\u20132007)Total assetsUS$70.625 billion (2020)15 more rows
Colonial Life is wholly owned by Unum, but operates as an independent subsidiary. Colonial Life is one of Unum's three major business segments and accounted for 15% of Unum's premium income for the year 2012.

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Colonial Life is wholly owned by Unum, but operates as an independent subsidiary. Colonial Life is one of Unum's three major business segments and accounted for 15% of Unum's premium income for the year 2012.
Colonial Life & Accident Insurance Company, a subsidiary of Unum Group, provides financial protection benefits to America's workers and their families when the unexpected happens.
Unum subsidiary Unum acquired Colonial Life in 1993 for $571 million.
The Colonial Penn Life Insurance Company (often known as simply Colonial Penn) is an American life insurance company based in Philadelphia, Pennsylvania, founded by philanthropist and AARP co-founder Leonard Davis, owned by CNO Financial Group....Colonial Penn. FormerlyConseco Direct Life (1998\u20132001)Websitewww.colonialpenn.com8 more rows
See how our insurance company has evolved from humble beginnings in 1937 to one of the leading voluntary benefits providers in the country. Get to know the executive team who is leading Colonial Life to success and ensuring we keep promises made to the people we're so proud to serve.

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