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Rating: 9 / 10 (Excellent)
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Founded in 1957 and based in Philadelphia, Colonial Penn has been providing life insurance for over 60 years. Their Guaranteed Acceptance Whole Life Insurance serves people ages 50 up to 85 who are seeking financial help when they need it most.
 
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How is Colonial Penn rated?

Breakdown

0.0/5
Company Stability
0.0/5
Reputation
0.0/5
Policies & Coverage

Overall Rating: 4.5 / 5 (Excellent)

Colonial Penn's guaranteed acceptance life insurance can be used to pay for funeral costs, final expenses, or however your beneficiaries wish. Colonial Penn offers coverage that starts at $9.95 monthly. As with any guaranteed acceptance insurance policy, applicants will not need to undergo a medical exam or answer health questions to be approved.



The company's insurance financial strength ratings (A.M. Best) don't go below A. This is also the case for their rating from the Better Business Bureau, which has accredited Colonial Penn since 2020.

Financial Strength

Company Stability - 0 / 5

Reputation & Customer Experience

Reputation - 0 / 5

Colonial Penn Policies

Policies & Coverage - 0 / 5

Flexibility and Available Riders

Flexibility & Available Riders - 0 / 5

Additional Company Information

Homepage URL
https://colonialpenn.com
Company Phone
(877) 877-8052
Headquarters Address
399 Market St, Philadelphia, PA, 19106
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  • Coverage for after-death and related expenses
  • Premium rates start at $9.95 per month
  • No medical exam requirement
  • Premium and benefit amount are fixed once insured
  • Free online quote
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