Overall, Colonial Penn appears to be trustworthy enough to invest in for seniors. On a positive note, Colonial Penn’s rating from the BBB suggests that they are at least responsive to those complaints. The company’s NAIC Complaint Index suggests that it handles about two times as many complaints as similar industry competitors. This tends to be the case for smaller companies if they operate under a larger entity or group of companies.Ĭolonial Penn’s customer service appears to be decent, but not exceptional based on the available information. Best, Fitch, and Moody’s, they are financially stable and have a positive future outlook. Overall, Colonial Penn life insurance is highly rated. Additionally, even a good financial strength rating doesn’t guarantee a company is loyal to its customers.īelow, you’ll see the key Colonial Penn life insurance reviews: Are the Colonial Life Insurance Company reviews good?Īs a subsidiary, Colonial Penn should be in a good position financially, but that’s not always the case. By taking a deeper look into the Colonial Penn life insurance reviews, we’ll be able to get a better understanding of how Colonial Penn stands financially overall and whether seniors should even consider investing in the company. In short, Colonial Penn appears to have a good platform for financial security. As a whole, CNO has previously been ranked by Forbes as a top 1000 company worth over four billion dollars. Though Colonial Penn has only been around for roughly 50 years, the company appears to have strong infrastructure, given it is a part of a larger entity, CNO Financial Group. This makes it more and more important to be sure that seniors choose a reliable life insurance company.Ĭolonial Penn might not be the most popular company out there, but that doesn’t mean Colonial life insurance is any less valuable when compared to those larger providers. It becomes increasingly difficult the older you get because many life insurance companies charge significantly more for older adults. Read More: Best Life Insurance Companies Colonial Penn Life Insurance for Seniorsīuying life insurance is already a challenging process as it is.
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We’ll help you determine whether or not Colonial Penn is a worthwhile life insurance company to purchase a policy from, and which type might be best for you.Ĭontinue reading to learn more about Colonial Penn life insurance for seniors, or take advantage of our free quote tool above to get instant quotes from the top life insurance companies near you.
If you’re in pursuit of permanent life insurance, Colonial Penn has options for most seniors.Īs a senior, it might be difficult to decide which policy is best or if you should trust one specific life insurance company. If you’re an aging adult and you have close family to financially protect, you might want to consider Colonial Penn life insurance for seniors. Colonial Penn whole life insurance policies can be purchased with no medical exam and with additional living benefits at an added cost.You can choose between two different whole life insurance options when shopping Colonial Penn life insurance for seniors.Colonial Penn Life Insurance Company operates under CNO Financial Group.
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