Tim Arnold Taking Over As Head Of Colonial Life
Colonial Life, the longstanding employee insurance company, is not a place where fans can go to get their hands on one of the hottest tickets in town right now, though
Arnold, who was named Colonial Life's president in July, says strong community commitment, including the naming rights partnership with USC to
"We believe that making this community better will certainly help our business as well as helping people," Arnold said. "We're very proud of (USC women's coach)
Founded in
The company specializes in group and individual coverage plans for medical, income protection and disability, catastrophic illness and survivor benefits through universal, whole life and term life insurance coverage.
Its more than 1,030 employees in
Arnold joined Colonial Life in
He has continued those kinds of leadership roles in
Colonial Life merged with
Arnold, whose father worked in mills and whose mother worked in the school system, came from a predominantly blue collar, middle-class background and was the first in his extended family to graduate from college.
"I was proud of that," Arnold says.
Arnold takes over the company -- whose pioneering history began with an all-female workforce in 1937 before becoming Colonial Life two years later -- as it is enjoying possibly its highest public profile ever. In addition to having its name on the arena in
"In terms of name recognition, we're very pleased with the partnership that we have with the University of
"We believe the 10,000 agents that we have in the field, and our home office employees, are the best ambassadors for our company, so we don't spend a lot of money on advertising, compared to some others."
In 2012,
Arnold said the need in
Meanwhile, Colonial Life, in turn, has a wide annual economic impact in
The company and its employees manage to give more than
"What an incredible honor it is to lead this company," Arnold said. "It's a company that has an incredibly rich history of doing the right thing for its employees, for its customers and for the community. And I want to see us continue to do that -- I'm determined to see us continue to do that.
"It's a really cool business to be in."
Reach Burris at (803) 771-8398. Twitter: @RoddieBurris
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