Get PA Colonial Penn Beneficiary Planner

Colonial Penn has a Financial Strength Rating of A- (Excellent) from A.M. Best, which means it has plenty of resources on hand to pay claims. Consumers also tend to give positive feedback regarding Colonial Penn's quick and simple claims process.

Colonial Penn Life Insurance $9.95 Per Month Reviews Colonial Penn's 995 plan is guaranteed the acceptance of life insurance products with limited underwriting and more minor death benefits that accumulate cash value.

It was awarded an A (Excellent) financial strength rating from AM Best, indicating that it has historically been able to pay out claims to customers. If you're looking for guaranteed acceptance, renewable term and whole life insurance, Colonial Penn may be worth considering.

Colonial Penn guaranteed acceptance program The minimum value of a unit of coverage is approximately $400 and the maximum is approximately $2,100, meaning the maximum death benefit you can select is around $16,800.

Contact Colonial Penn's customer care department by calling 800-523-9100 to cancel your policy. After enrolling with Colonial Penn, you have 30 days to terminate your agreement.

Is whole life better than term life insurance? Whole life provides many benefits compared to a term life policy: it is permanent, it has a cash value investment component, and it provides more ways to protect your family's finances over the long term.

Mutual of Omaha and AIG offer the best final expense insurance alternatives to Colonial Penn's options. Mutual of Omaha offers coverage from $2,000 to $40,000 for anyone ages 45 to 85. They don't penalize smokers, but they do conduct an in-depth medical and prescription background check.