Colonial Life's history

Since 1939, we've helped America’s workers with their financial protection needs.

Our Story

In 1937, Edwin F. Averyt and J. Clifton Judy started Mutual Accident Company in Columbia, South Carolina and sold their first product — accidental death coverage. Their first sales team was comprised of mostly local women. They could relate to the struggles others were going through and talk with them about their financial protection needs.

In 1939, the company became Colonial Life & Accident Insurance Company. The mission then was the same as it is today — to help America’s workers preserve and protect the vitally important things they work so hard to build.

We’ve continued to evolve over the years:

  • In 1955, we introduced worksite marketing of voluntary benefits through payroll deduction, and that first payroll deduction account remains a Colonial Life customer to this day.
  • In the 1970s, we implemented computer technology long before most companies did.
  • In the 1980s, we began marketing our products through Section 125 and introduced electronic enrollment capabilities nationwide.
  • In the 2000s, we created our online enrollment system.

Today, we continue to add innovative enrollment technologies and options. After more than 75 years of business, we remain dedicated to our mission of finding ways to help America’s workers when they face unexpected events and challenging times.


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.

Financial overview

When you’re making a difference in millions of lives, success often follows. Learn about our financial performance and how we plan to stay at the front of the pack.

Colonial Life Arena

Feel like you’ve seen our name around town or on TV? You have! Since 2003, we’ve been the arena sponsor of our hometown college, the University of South Carolina.