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Companion Life Insurance Company

Companion Company Information

Founded in 1971, Companion Life Insurance Company has been a leading provider of insurance products in 45 states and the District of Columbia. Companion Life specializes in group coverage, and has products that cater to groups of all sizes. Companion Life is a customer-focused company that keeps its policyholders' best interests in mind. The company is focused on the changing needs of its customers, and has enhanced their product portfolio to address these needs.

Companion Products

  • Trust Group: This plan is for businesses that need 2-9 employees insured. It includes Life/Accidental Death & Dismemberment (AD&D), which may purchased as a flat rate for all employees, or as a class plan wherein benefits are distributed among employees according to their job title or classification. Benefits decrease by 35% at age 65 and terminate at age 75.

  • True Group: The policy option for businesses with more than 10 employees. Under the term life insurance included in this plan, Companion Life will pay benefits for deaths by any cause, and the AD&D coverage is equal to the amount of life benefits. Companion Life makes this plan highly flexible so that businesses can purchase the group insurance that suits their specific needs.

  • Voluntary Group Benefits: Since group coverage can get very costly for business, Companion Life offers a solution: voluntary policies that employees can choose to purchase from their employer. Usually, premiums are deducted directly from the payroll.

Companion Ratings

AM Best A+

Companion Information

P.O. Box 100102
Columbia, SC 29202-3102

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