Colonial Penn Life Insurance Company: Philadelphia (PA), Contact, Policy, Customer Services

The Colonial Penn Life Insurance Company is an American life insurance firm headquartered in Philadelphia, Pennsylvania.

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Do you need life insurance but don’t know where to start? Colonial Penn Life Insurance Company can help you find the right coverage for your needs and budget. We have been serving customers in Philadelphia and across the nation since 1968. Learn more about our policy options and customer services. Image credit: Facebook

It was established in 1968 by Leonard Davis, a philanthropist and co-founder of AARP. The company is currently owned by the CNO Financial Group.

It was previously known as Conseco Direct Life from 1998 to 2001.

Colonial Penn’s president is Joel Schwartz, and it operates as a subsidiary of C.P. Real Estate Services Corp.

Key people associated with the company include its founder, Leonard Davis.

The parent organizations of Colonial Penn are CNO Financial Group and Conseco Life Insurance Company of Texas.

Category Information
Company Name The Colonial Penn Life Insurance Company
Type American Life Insurance Company
Location Philadelphia, Pennsylvania, United States
Founded 1968
Founder Leonard Davis, philanthropist, and AARP co-founder
Ownership CNO Financial Group
Parent Organizations – CNO Financial Group
– Conseco Life Insurance Company of Texas
Headquarters Philadelphia, Pennsylvania, United States
Subsidiary C.P. Real Estate Services Corp
President Joel Schwartz
Former Name Conseco Direct Life (1998–2001)
Key People – Leonard Davis, founder

This table organizes the provided information about The Colonial Penn Life Insurance Company into distinct categories for easy reference

Colonial Penn Life Insurance Contact Information:

Purpose Phone Number
Sales Assistance (877) 540-3186
Policyholder Service (800) 523-9100
Administrative Address 399 Market Street, Philadelphia, PA, 19106
Website Colonial Penn Website

Colonial Penn Life Insurance Provider Contact Information:

If you are a medical provider dealing with Colonial Penn’s Medicare Supplement policies, you can contact them at:

Address Fax Number
Colonial Penn Life Insurance Company P.O. Box 1935 Carmel, IN 46082-1935 312.396.5951
Website Provider Portal

Colonial Penn Life Insurance Policy Information:

Type Details
Guaranteed Acceptance Whole Life Policy – Units at $9.95 per month, with coverage based on age and gender. <br>- Two-year waiting period for full death benefit. <br>- Builds cash value over time.
Whole Life Policy – Available for ages 40 to 75 with coverage from $10,000 to $50,000. <br>- Premiums vary by age, gender, health, and state of residence.
Term Life Policy – Available for ages 18 to 75 with coverage from $10,000 to $50,000. <br>- Premiums vary by age, gender, health, and state of residence.

Cost of a $50,000 Life Insurance Policy from Colonial Penn:

The cost of a $50,000 life insurance policy varies based on the policy type and your personal information. Here are some examples for residents in Tennessee:

Whole Life Policy:

  • A 40-year-old male in good health: $118.00 per month.
  • A 50-year-old male in good health: $147.50 per month.
  • A 60-year-old male in good health: $205.00 per month.
  • A 70-year-old male in good health: $332.50 per month.
  • A 75-year-old male in good health: $452.50 per month.

Term Life Policy:

  • A 40-year-old male in good health: $24.28 per month.
  • A 50-year-old male in good health: $45.12 per month.
  • A 60-year-old male in good health: $90.24 per month.
  • A 70-year-old male in good health: $180.48 per month.
  • A 75-year-old male in good health: $270.72 per month.

Colonial Penn Life Insurance Customer Service:

While Colonial Penn claims to offer friendly and reliable customer service, there have been a high number of customer complaints. Some common issues include difficulties in reaching representatives, miscommunication, problems with billing, claims processing delays, and poor handling of grievances.

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To contact Colonial Penn, you can use the following methods:

  • Phone: (877) 540-3186 (Sales Assistance) or (800) 523-9100 (Policyholder Service).
  • Email: service@colonialpenn.com.
  • Mail: Colonial Penn Life Insurance Company, P.O. Box 1918, Carmel, IN 46082-1918.
  • Website: Colonial Penn Website.

In conclusion, Colonial Penn Life Insurance offers a range of policies with varying coverage amounts, and while they claim to provide quality insurance coverage and customer service, they have received several customer complaints, which you should consider when making a decision.

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