Colonial Penn Life Insurance Company

Company Name:

Colonial Penn Life Insurance Company

Company Summary:

The Colonial Penn Life Insurance Company, a subsidiary of the Conseco Inc., has been in service for more than 45 years. This insurance provider prides itself in being an old-fashioned company when it comes to dealing with their clients, but it also assures quick and efficient service. The company specializes in providing for those who belong to the senior citizen population of America, and it was one of the first companies to come up with a life insurance policy designed for those who are 50 years old and above. The Colonial Penn Life Insurance Company boasts over a billion dollars in insurance coverage and over 800,000 policy holders.

Types of Life Insurance Products

The Colonial Penn Life Insurance Company offers whole life insurance and term life insurance.

- Whole Life Insurance: Life Choice is the name of the company’s whole life policy which offers coverage for an individual and his or her family. Life insurance, no medical – a person does not need to undergo an examination and a cash source is built immediately.

Guaranteed Acceptance Life Insurance is the whole life insurance policy created for those who are 50 to 85 years in age. Permanent cash benefits and premium rates are guaranteed.

- Term Life Insurance Plan: The Colonial Penn Life Insurance Company term life insurance plan has 2 variants. The first is the 5 year plan where the policy holder is covered up to $25,000. Death benefits and full coverage are guaranteed starting the very first day of the policy. The policy is available for those who are in the 18 to 75 age bracket.

The second policy is the 20-year plan. It has the same benefits as the 5-year plan, but this is offered to those who are 18 to 77 years old.

Term life insurance plans are renewable, and it’s easy to get a term life insurance quote to learn more about premium payments and interest rates. A term life insurance quote online is readily available for interested parties.

Company Address:

399 Market Street
Philadelphia, PA 19181