Insurance Companies in Philadelphia, PA. See BBB rating, reviews, complaints, request a quote & more. Compare Colonial Penn Insurance quotes online before buying a policy. This two-part plan provides coverage now (while you’re living) or later when your family may need it most. It has a wider range of services and a better market reputation and customer satisfaction rate. Colonial Penn Life Insurance. There may be more reports for "Colonial Penn Life Insurance" For more results perform a general search for "Colonial Penn Life Insurance… Guaranteed acceptance policies do not require a medical exam and ask very few health questions. Reviews from Colonial Penn Life Insurance employees about Colonial Penn Life Insurance culture, salaries, benefits, work-life balance, management, job security, and more. Colonial Penn Life Insurance does have a few blemishes regarding overall customer satisfaction. Colonial Penn vs New York Life – Colonial Penn does not compare to New York Life, which is the third-largest insurance service provider in the US and has been operating within the industry for 175 years. Colonial Penn was started by one of the cofounders of AARP to bring coverage to a previously unthought-of group: those over 65. By the end of this review, you will have a better idea if Colonial Penn is a good choice for your life insurance needs. The provider offers life insurance policies in 49 states, the District … 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. It expires at age 90. Colonial Penn has been in the life insurance business for more than six decades. Sincerely, Colonial Penn Life Insurance. The provider offers life insurance policies in 49 states, the District of Columbia, Puerto Rico and the Virgin Islands. Colonial Penn has been in the life insurance business for more than six decades. Colonial Penn Insurance Review Customer Satisfaction. Colonial Penn has had 42 complaints filed against the company in 2017 per NAIC, which is higher than average for a life insurance company. Colonial Penn sells a lot of guaranteed acceptance life insurance policies. Build a plan that fits your life with Living Insurance. Fittingly, the Colonial Penn we know today is probably best known because of Alex Trebek, who stars in daytime TV commercials selling guaranteed issue life insurance for people 50–85, who says you can get coverage for $9.95 per month. Policy# 3: Colonial Penn Term Life Insurance (The One That Expires) Not too long ago, Penn Life insurance company added this last policy to their product offering. By far, it’s their worst one for two mains reasons. I have had Colonial life for several years (over 15). Original review: Dec. 31, 2019. 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