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Colonial Life & Accident Insurance Company

Wednesday, April 2, 2014

The purpose of this filing is to request a rate decrease for GTL1.0-P-DC, et al. Colonial Life is making changes to the rates for its group term life product offering. The net effect of these proposed changes is expected to be a 5% rate decrease. The forms and rates affected by this filing were approved by the Department on 08/16/2011 under SERFF Filing Number UNUM-127084857. 

The adjustment factors included in this filing are: 

  • Base Rates: Adjustments have been made to our base mortality rates for all ages and genders. Waiver, Non-waiver and Retiree rates are included in this update, in Tables A1-A3. 
  • Rate Adjustment Factors. 
  • Basic Nonmedical Maximum Tables.
Disposition Date: 3/12/2014
Status: Closed - Approved
Percent Change: -5.000%