Sat. Sep 23rd, 2023
Colonial Penn Life Insurance

Planning for tomorrow is the wisest thing to do while living today!

Although most people find it difficult, Colonial Penn Life Insurance makes it easy. With its variety of life insurance options, you can benefit greatly, especially if you have been denied life insurance in the past due to your health. The insurance company provides a hassle-free insurance buying process with trial buying processes.

About Colonial Penn Life Insurance

Colonial Penn Life Insurance is an insurance company based in Philadelphia. The company first entered the insurance market in 1968, and the Guaranteed Acceptance Life Insurance Plan was one of the first to provide life insurance to people over 50 years of age.

The company offers a variety of life insurance plans, including term, total permanent, and guaranteed acceptance policies that are available in most states across the country. Colonial Penn is a subsidiary of CNO Financial Group, a holding company that has more than 4 million customers in the United States.

The Banker’s Conseco Life Insurance Company underwrites all insurance policies of Colonial Penn Life Insurance Company in New York.

The company is known for its policy of not conducting medical tests, as well as its television advertising efforts. It is also known for its user-friendly practices such as early payment and easy issuance.

Why should I choose life insurance from Colonial Penn?

The following are some reasons Colonial Penn is a fantastic choice:

Colonial Penn may not be the best insurer for you if you want to shop for insurance in one place. While some life insurers offer coverage for your auto, home, and business, Colonial Penn keeps things simple by focusing solely on life and supplemental health insurance.

Additionally, the death benefit limits on Colonial Penn insurance are also quite low. Their term and whole life insurance have a maximum death payout of $50,000, which is significantly less than the plans of many other life insurers.

Colonial Penn, on the other hand, is a great option for consumers looking for lifetime coverage. If you have a pre-existing condition that might prevent you from getting life insurance from another company, Colonial Penn’s Guaranteed Acceptance Plan could be the answer.

The term life plans offered by Colonial Penn have some advantages over those offered by several of their competitors. They don’t require a medical checkup, and if you keep your term life insurance policy renewed, you can build cash value. Colonial Penn also extends coverage to age 90, when many insurers only offer term life plans that cover you until you reach age 85.

All Colonial Penn policies include a 30-day trial period. The insurer will refund your premium in full if you cancel or change your insurance within the first 30 days of coverage.

Where can I get Colonial Penn life insurance?

Colonial Penn Life Insurance operates in 49 states, the District of Columbia, Puerto Rico and the Virgin Islands.

Bankers Conseco Life Insurance Firm in New York is where the company offers insurance. However, not all of the company’s plans are offered everywhere.

Term insurance is available in all states except Montana, New York, and the Virgin Islands. Guaranteed Acceptance Life Insurance is offered in all states except the Virgin Islands and New York, and Whole Life Insurance is available in all states except the Virgin Islands and New York.

By admin