Colonial Life and Unum both announced they have enhanced their universal and whole life insurance products, in time for Life Insurance Awareness Month.

Colonial Life added a long-term care benefit and restoration of benefits rider to its universal life policy; it also reduced the restrictions on health, height and weight underwriting for universal and whole life policies. The company increased face amounts on whole life policies from $50,000 to $100,000 on the paid-up at age 65 and paid-up at age 95 plans.

Unum also included a new long-term care rider, as well as a living benefit and accidental death rider. Both plans are designed to be offered along with group term coverage, and employees can take the policies with them if they change jobs. The new life products will replace current offerings as of Jan. 1.

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