They are priced in a way that reflects no medical exam as well as offering life insurance with pre-existing conditions up to a maximum death benefit of $50,000. The products are designed to help middle class families and retirees seeking lower face amount life insurance solutions and have historically strong financial strength ratings.Ĭolonial Penn Life Insurance Review Life InsuranceĬolonial Penn Life Insurance Company has a variety of life products which appeal to those not wanting to complete medical exams. Many times the conditions they will accept for life insurance are those other insurance companies will decline.Ĭolonial Penn markets life insurance products for ages 18-85. It was one of the first insurers to offer a Guaranteed Acceptance Life Insurance plan for people 50 years or older with pre-existing health conditions needing to buy life insurance.
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Most notably, Colonial Penn is often referred to as Alex Trebek life insurance due to colonial penn commercials on TV that many of us are used to seeing with the famous jeopardy star endorser. Colonial Penn Life Insurance Company has been a name in the insurance industry since they were founded in 1968 and is a subsidiary of CNO Financial Group.
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