By far, it’s their worst one for two mains reasons. Reviews from Colonial Penn Life Insurance employees about Colonial Penn Life Insurance culture, salaries, benefits, work-life balance, management, job security, and more. By the end of this review, you will have a better idea if Colonial Penn is a good choice for your life insurance needs. This two-part plan provides coverage now (while you’re living) or later when your family may need it most. The provider offers life insurance policies in 49 states, the District of Columbia, Puerto Rico and the Virgin Islands. It expires at age 90. Just about anyone within the right age range (50-85) is guaranteed coverage. There may be more reports for "Colonial Penn Life Insurance" For more results perform a general search for "Colonial Penn Life Insurance… I have had Colonial life for several years (over 15). 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. Original review: Dec. 31, 2019. COLONIAL PENN LIFE INSURANCE Ripoff Reports, Complaints, Reviews, Scams, Lawsuits and Frauds Reported Your Search: Colonial Penn Life Insurance. The provider offers life insurance policies in 49 states, the District … Compare Colonial Penn Insurance quotes online before buying a policy. Colonial Penn Insurance Review Customer Satisfaction. Colonial Penn sells a lot of guaranteed acceptance life insurance policies. Colonial Penn has been in the life insurance business for more than six decades. 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. Build a plan that fits your life with Living Insurance. Sincerely, Colonial Penn Life Insurance. Colonial Penn Life 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. Colonial Penn has been in the life insurance business for more than six decades. 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. Colonial Penn has had 42 complaints filed against the company in 2017 per NAIC, which is higher than average for a life insurance company. 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. I have filed cancer, sickness, and accident claims and have always got prompt settlements. 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