How to name beneficiaries and fund a trust at Colonial Life
Covers 9 insurance accounts — beneficiaries can be managed online
Policyholder Support
Colonial Life & Accident Insurance Company, P.O. Box 1365, Columbia, SC 29202
Policyholder Support
Colonial Life & Accident Insurance Company, P.O. Box 1365, Columbia, SC 29202
Loss of Life Claims
Colonial Life & Accident Insurance Company, P.O. Box 1365, Columbia, SC 29202
Estate planning with Colonial Life policies centers on beneficiary designations—the single most important step for ensuring life insurance proceeds and annuity benefits reach the intended recipients without probate involvement. Unlike bank or brokerage accounts, insurance products are not retitled into trusts; instead, trusts are named as beneficiaries when estate tax planning or controlled distributions are needed.
The transfer rules at Colonial Life vary across 9 policies. Below is a breakdown of beneficiary options, trust funding, and which products support each method.
Required Documents
- Trust name, date established, and tax ID (EIN or SSN)
Special Requirements
- Trust beneficiary designations require the full legal trust name, date established, and trustee name(s)
- A copy of the trust agreement or Certification of Trust may be required
- Life insurance policies allow naming a trust as beneficiary; supplemental health products typically pay benefits directly to the policyholder
- Colonial Life will confirm the beneficiary change by U.S. Mail once the form has been approved
Sources
Data sourced from Colonial Life primary sources (19 pages reviewed). How we research.
Download these Colonial Life instructions
Download instructions for the whole estateA printable PDF with the steps, required documents, and contact details — verified against Colonial Life primary sources. Bring it to the branch or keep it beside the phone.
Policyholder Support
Colonial Life & Accident Insurance Company, P.O. Box 1365, Columbia, SC 29202
Policyholder Support
Colonial Life & Accident Insurance Company, P.O. Box 1365, Columbia, SC 29202
Loss of Life Claims
Colonial Life & Accident Insurance Company, P.O. Box 1365, Columbia, SC 29202
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