This two-part plan provides coverage now (while you’re living) or later when your family may need it most. Original review: Dec. 31, 2019. 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. COLONIAL PENN LIFE INSURANCE Ripoff Reports, Complaints, Reviews, Scams, Lawsuits and Frauds Reported Your Search: Colonial Penn Life Insurance. Sincerely, Colonial Penn Life Insurance. Build a plan that fits your life with Living Insurance. Colonial Penn sells a lot of guaranteed acceptance life insurance policies. 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. The provider offers life insurance policies in 49 states, the District … Colonial Penn has had 42 complaints filed against the company in 2017 per NAIC, which is higher than average for a life insurance company. I have had Colonial life for several years (over 15). By far, it’s their worst one for two mains reasons. Colonial Penn Life Insurance does have a few blemishes regarding overall customer satisfaction. BBB accredited since 3/18/2020. 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 was started by one of the cofounders of AARP to bring coverage to a previously unthought-of group: those over 65. Colonial Penn Life Insurance. Guaranteed acceptance policies do not require a medical exam and ask very few health questions. It has a wider range of services and a better market reputation and customer satisfaction rate. There may be more reports for "Colonial Penn Life Insurance" For more results perform a general search for "Colonial Penn Life Insurance… The provider offers life insurance policies in 49 states, the District of Columbia, Puerto Rico and the Virgin Islands. Insurance Companies in Philadelphia, PA. See BBB rating, reviews, complaints, request a quote & more. 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. Just about anyone within the right age range (50-85) is guaranteed coverage. Compare Colonial Penn Insurance quotes online before buying a policy. 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. 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