First Colony Life Insurance Company Overview

First Colony Life Insurance Company has a long history in the insurance industry. Founded in 1966, it has been providing life insurance solutions to individuals and families for over 50 years.

First Colony Life Insurance Company is a subsidiary of Colonial Life & Accident Insurance Company, which was founded in 1936. This parent company has a reputation for stability and financial strength.

The company's mission is to provide affordable and reliable life insurance coverage to its policyholders. It offers a range of life insurance products, including term life, whole life, and universal life insurance.

First Colony Life Insurance Company is licensed to operate in 49 states and the District of Columbia, offering its services to a wide geographic area.

Here's an interesting read: Who Founded Vanguard Group

First Colony Life Insurance Company has its roots in 1955, when it was founded as a local term life insurance provider in Lynchburg, Virginia. Edwin Horner was the visionary behind this venture.

The company's initial focus was on offering impaired risk coverage, which is a specialized type of life insurance that caters to individuals with health issues. This niche focus helped First Colony grow into a large national provider of life insurance coverage and retirement annuities.

First Colony continued to expand and thrive until 1996, when it was acquired by GE Financial Assurance, now known as Genworth. This acquisition marked a significant milestone in the company's history.

Genworth has a rich history dating back to 1871, when it was founded as the Life Insurance Company of Virginia. Today, Genworth has a presence in over 25 countries worldwide.

For another approach, see: B Owns a Whole Life Policy