Jessica Sautter is a Content Writer for CarInsuranceCompanies.com with a Bachelor’s Degree from Eastern Michigan University in Elementary Education with a Major in Reading and a Minor in Mathematics.

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Chris Harrigan has an economic degree from Limestone College and an MBA from Clemson University. He previously managed auto insurance claims for Enterprise Rent-A-Car. Currently, he is using his business and insurance expertise to provide insurance data analysis and visualizations to enhance the user experience.

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Reviewed by Chris Harrigan
Former Auto Insurance Claims Manager

UPDATED: Aug 9, 2021

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Key takeaways...

  • The goal of Colonial Penn Life Insurance Company is to offer life insurance that is affordable to individuals of all ages
  • Colonial Penn began selling life insurance in 1968
  • Colonial Penn offers a number of policies for life insurance, whole life and term life

This Colonial Penn Car Insurance Review will discuss the company Colonial Penn, which deals with life insurance. The goal of Colonial Penn is to offer life insurance with premium payments that are affordable to individuals of all ages.

Colonial Penn began selling life insurance in 1968; it has never been a car insurance company

It is based out of Philadelphia, Pennsylvania and is licensed to sell insurance in 49 states, along with the Washington, DC, the U. S Virgin Islands, and Puerto Rico.

Use your local zip code and the rates tool to find online car insurance quotes from companies that want your business, today!

About Colonial Penn

Colonial Penn actually does not offer even basic personal car insurance, but Colonial Penn offers a number of policies for life insurance.

Life insurance is intended to ease the financial burden your loved ones might experience during the difficult time after your death. Purchasing a life insurance policy can give both you and your family peace of mind.
Colonial Penn offers a variety of life insurance options. The company has excellent financial strength ratings with A.M. Best.

The guaranteed acceptance life insurance policy is only offered to individuals between 50 and 85 years of age. Guaranteed acceptance coverage is offered to everyone regardless of medical history and status.

Whole life insurance is available for those aged 45-75 and does not require a medical exam. Whole life is a type of life insurance that is intended to offer permanent coverage for your entire life.

There are two term life policies available for ages 18 to 77. Term life insurance policies are designed to last for a particular period of time. There is a five-year renewable term life insurance plan and a 20-year plan available. Neither one requires a medical exam, just a few health questions.

The whole and term policies have a maximum death benefit of $50,000.

Colonial Penn Insurance customer service can be reached at 1-877-877-8052. Information about filing Colonial Penn life insurance claims can be found on the company’s website.

To look for car insurance companies right now all you have to do is enter your zip code below in order to compare car insurance quotes now!

References:

  1. https://www.mycolonialpenn.com/
  2. https://www.mycolonialpenn.com/customerservice/service-faqs/
  3. https://www.mycolonialpenn.com/registration-tips/
  4. https://www.mycolonialpenn.com/customerservice/claims-faqs/