Colonial Penn Life Insurance Reviews

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Out of the many life insurance companies out there, Colonial Penn is one of the most talked about. It could be because the company has a lot of advertising on cable television or because there are plenty of Colonial Penn Life Insurance reviews floating around all over the internet.

Here is what we gather from the aggressive advertising and from the Colonial Penn Life Insurance Reviews:

Colonial Penn Life Insurance Reviews


1.    Colonial Penn Life Insurance has some of the highest rates on the market today.
2.    Colonial Penn Life Insurance is better suited for those with pre-existing medical conditions because they have insurance plans that do not require a medical exam (Guaranteed Acceptance Life Insurance).
3.    As with other insurance companies, there are also some nitty gritties of issues and complaints other plan holders have with Colonial Penn.
4.    Aside from the Guaranteed Acceptance Life Insurance, Colonial Penn also has a Patriot Program for whole and term life insurance. Some of the complaints include:
•    High premiums
•    Delay of claim settlement checks
•    Unauthorized billing
•    Poor customer service
•    Bad financial ratings
5.    Colonial Penn also offers a 30-day money back guarantee as part of their free look deal.
6.    Colonial Penn Life Insurance is available in most states. The limit depends on the kind of insurance policies.

Colonial Penn has been around for over 50 years, one of its endorsers is Alex Trebek and as previously mentioned, it gets quite a lot of airtime. But, is popularity and guaranteed acceptance enough to get you hooked? Reviews say do more research first.

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