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Colonial Penn Life Insurance Company

Colonial Penn Company Information

The Colonial Penn Life Insurance Company has been able to successfully blend ‘old-fashioned’ customer service with the ease and speed of the technological age. Colonial Penn has retained the ability to provide affordable insurance products directly to consumers and was a pioneer in establishing policies that address the needs of senior Americans. For over 45 years Colonial Penn has been dedicated to providing service and stability to more than 800,000 policyholders with more than $1 billion of life insurance in force. As a subsidiary of Conseco Inc., a Fortune 500 financial services organization, Colonial Penn has behind it not only decades of experience but also the stability that will provide for a profitable future.

Colonial Penn Insurance Plans

  • Whole Life Insurance:
    • LifeChoice®, Simplified Issue Whole Life Insurance: LifeChoice® is a whole life policy that protects your family with up to $25,000 in coverage. This policy begins to build cash value after the first year, is attainable without a medical exam and has rates and benefits that are fixed and guaranteed. Age requirements and policy availability vary by state.



    • Guaranteed Acceptance Life Insurance: Guaranteed Acceptance Life Insurance was designed for individuals between the ages of 50 and 85. This is a coverage plan that builds cash value after the first year, is guaranteed without a medical exam and comes with a rate that will never increase and benefits that never decrease.

  • Term Life Insurance:
    • 5 Year Simplified Issue Term Life Insurance: This Colonial Penn policy comes with up to $25,000 in coverage, is attainable without a medical exam, offers an accelerated death benefit and provides full, fixed coverage from day one. These policies are available to individuals ages 18 to 75 and are renewable.
    • 20 Year Simplified Issue Term Life Insurance: This Colonial Penn policy comes with up to $25,000 in coverage, is attainable without a medical exam, offers an accelerated death benefit and provides full, fixed coverage from day one. These policies are available to individuals ages 18 to 77.

Colonial Penn Ratings

AM Best B++
S&P BB-

Colonial Penn Contact Information

399 Market Street
Philadelphia, PA 19181
www.colonialpenn.com

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