This service allows access to specific policy benefits and claim status information for Medicare Supplement policies only. Colonial Penn primarily markets their guaranteed acceptance whole life insurance which is a policy that has no medical underwriting whatsoever. The policies have exclusions and limitations which may affect any benefits payable. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion® directly. Pre-qualified offers are not binding. Depending on your age, this can provide anywhere from $400 to $2,100 of coverage. It also offers four payment plan options, giving you some flexibility based on your budget and pay schedule. Many or all of the products featured here are from our partners who compensate us. You may recognize the ad based on its sponsor, Jeopardy’s late Alex Trebek. If you shopping for a Colonial Penn … Life Insurance - Online Insurance Quotes In at the very least one case, an insurance provider which marketed a plan to a purchaser without any insurable interest (who later killed the CQV for the proceeds), was found responsible in court for adding to the wrongful fatality of the sufferer (Liberty National Life v. The full death benefit isn’t paid out if the insured person dies during the first two years. Up to $50,000 of whole life insurance is available for applicants ages 40 to 75. Pay your Colonial Penn bill online with doxo, Pay with a credit card, debit card, or direct from your bank account. Colonial Penn offers three basic life insurance options with no medical exam required. Choose up to $25,000 of … Property and Casualty insurance services offered through NerdWallet Insurance Services, Inc.: Licenses, NerdWallet Compare, Inc. NMLS ID# 1617539, NMLS Consumer AccessLicenses and Disclosures, California: California Finance Lender loans arranged pursuant to Department of Financial Protection and Innovation Finance Lenders License #60DBO-74812. This two-part plan provides coverage now (while you’re living) or later when your family may need it most. The policies have exclusions and limitations which may affect any benefits payable. Colonial Penn Life Insurance. This may influence which products we write about and where and how the product appears on a page. The policy can be renewed until age 90. Life insurance options from Colonial Penn include: Term life. A medical exam isn’t required, but there are health questions on the application. The Colonial Penn Life Insurance Company is an American life insurance company based in Philadelphia, Pennsylvania, founded by philanthropist and AARP co-founder Leonard Davis, owned by CNO Financial Group. The provider offers life insurance policies in 49 states, the District of … In addition to protecting your family's future with life insurance Do Not Sell My Personal Information. When evaluating offers, please review the financial institution’s Terms and Conditions. The price is based on age and gender and will stay the same throughout the life of the policy. Policies underwritten by Intramerica Life Insurance Co are administered by Bankers Conseco Life Insurance Co. For Customer Support, Call 1-800-523-9100, Copyright ©2011- 2020 All Rights Reserved. Colonial Penn is also one of the oldest insurance providers to offer Guaranteed Issue products, beginning with their first issues policy in 1968. All financial products, shopping products and services are presented without warranty. Life insurance options from Colonial Penn include: Term life. My mother got colonial penn life insurance 2/2011 and died 10/13/2011 her policy was for $13,408. Applicants ages 18 to 75 can buy up to $50,000 of term life insurance. About The Company. No medical exam is required for term or whole life. Today, Colonial Penn is an owned brand of Conseco Direct Life. Founded in 1968 in Philadelphia, Colonial Penn Life Insurance Company is the brainchild of philanthropist and AARP co-founder, Leonard Davis. Colonial Penn offers whole life insurance plans with up to $50,000 in death benefits to people between the ages of 40 and 75. Colonial Penn Life Insurance Co is not licensed in and does not solicit business in the state of New York. Colonial Penn’s guaranteed issue life insurance works on a unit basis. The company is owned by CNO Financial Group, a financial services organization headquartered in Carmel, Indiana. If you develop the condition you chose, or if you’re diagnosed as terminally ill (with a life expectancy of 12 months or less), you can get 25% – 50% of your death benefit while you’re still living. 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