Colonial Penn has been in the life insurance business for more than six decades. It expires at age 90. By the end of this review, you will have a better idea if Colonial Penn is a good choice for your life insurance needs. After taking over my parent's personal finances upon the recent passing of my mother, I came across this ridiculous life insurance policy from Colonial Penn. The provider offers life insurance policies in 49 states, the District of Columbia, Puerto Rico and the Virgin Islands. Start your review of Colonial Penn Insurance. Colonial Penn has been in the life insurance business for more than six decades. By far, it’s their worst one for two mains reasons. Frank T. NV, NV. If you recently saw a commercial with Alex Trebek touting the importance of life insurance, you’re probably not alone. Colonial Penn's life insurance rates of $9.95 per month per unit of coverage is a straightforward pricing approach that makes it popular for senior life insurance. The provider offers life insurance policies in 49 states, the District of Columbia, Puerto Rico and the Virgin Islands. Colonial Penn Life Insurance - Coverage Options At Affordable Rates - colonialpenn.com We extend our concern to those whose lives have been impacted by recent natural disasters or emergencies. 2/25/2021. Insurance Companies. Colonial Penn Life Insurance Company. Original review: April 9, 2021. The policy was put … 9. Compare Colonial Penn life Insurance quotes online before buying a policy. What a shock when I called Colonial Penn in September 2020 to examine their $9.95 guaranteed acceptance life insurance. What’s more unusual is Colonial Penn’s regimented death benefits. In a nutshell, a life insurance unit is the death benefit plus the risk, which is the cost of insurance that is linked to the probability of death. Business Profile. In this review of Colonial Penn, you’ll learn about their history, financial ratings, the types of life insurance they offer, and their life insurance rate chart. Our Verdict. In this Colonial Penn Life Insurance review, we’ll provide everything you need to know to determine if they’re the right option right for you. GET A QUOTE FROM Colonial Penn. The cost of insurance goes up with age so, in order to keep a fixed premium, Colonial Penn’s $9.95 per unit death benefit has to go down. 4.8. Colonial Penn’s whole life insurance works more like a traditional permanent life insurance product. The coverage doesn’t expire as long as you pay the premiums (and are younger than 121). Colonial Penn Insurance Review & Complaints: Life Insurance Colonial Penn Insurance reviews reveal a company rating of A- with the Better Business Bureau, but Colonial Penn Insurance rates are not the best value when it comes to your life insurance policy. To those currently in the affected areas, please stay safe. 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