Colonial Penn Auto Insurance Review (2024)

If you’re looking for cheap auto insurance quotes from Colonial Penn Auto Insurance, you will quickly find out that that Colonial Penn Insurance Company is a life insurance company (website: www.mycolonialpenn.com) and does not sell other types of insurance.

They specialize in offering life insurance products directly to consumers at affordable prices.

Their original focus was on meeting the life insurance needs of the elderly and older individuals. However, they now sell life insurance plans for people age 18 and older.

Although this Colonial Penn auto insurance review won’t help you get a Colonial Penn auto insurance quote, you can find companies that have auto insurance using our FREE comparison tool.

Enter your ZIP code above  to compare auto insurance rates today, or continue reading this review of Colonial Penn Insurance Company.

What You Should Know About Colonial Insurance

Does Colonial Penn sell auto insurance? No. There is no Colonial Penn auto insurance company, and all of their products are life insurance. In fact, the proper name of the business is the Colonial Penn Life Insurance Company.

Colonial Penn is also the owner of EZIssue Life. Essentially, the EZ website is the same as Colonial Penn’s website, except for the products that they sell are also available in NY.

It isn’t clear why you can purchase EZ insurance in NY but not Colonial Penn insurance, but it is likely due to New York life insurance laws.

Colonial Penn sells four different product types. Their products include:

• Guaranteed Acceptance Life Insurance
• Colonial Penn LifeChoice Whole Life Insurance
• 5 Year Renewable Term Life Insurance
• 20 Year Term Life Insurance

You can get Colonial Penn’s burial insurance through the Guaranteed Acceptance Life Insurance.

Colonial Penn health insurance is also available. It’s called Active Care Insurance, and its website is https://www.activecareinsurance.com/.

Each of these insurance products is geared towards a specific age group. For example, Guaranteed Acceptance is only for men and women ages 50 to 85, while 20 Year Term Life is available for ages 18-77.

How can you connect with Colonial Penn agents?

Colonial Penn products are purchased directly from their company. However, they only have one office, which is located in Philadelphia.

Remember that a life insurance policy isn’t like an auto insurance policy because you aren’t going to have to file a claim more than once.

For many people, the absence of independent agents or local agents (Colonial Penn agents) is a deal-breaker for any kind of insurance; however, before you decide, you should take the time to review their products.

Where is Colonial Penn located?

As mentioned above, Colonial Penn only has a single location.

The Colonial Penn Life Insurance company address is:

399 Market Street

Philadelphia, Pennsylvania 19181

The lack of multiple locations doesn’t have anything to do with the success of this company. Many smaller life insurance companies only maintain one area they work from because it is more affordable and helps them keep their costs down so that they can offer affordable Colonial Penn auto insurance to their customers.

How do I file a claim with Colonial Penn?

To make a claim with Colonial Penn, you do have to provide the company with a copy of the insured’s death certificate.

The process is quite simple, and there are only two pieces of information required, a statement from the beneficiary and a certified copy of the insured person.

This information is sent to the Colonial Penn Life Insurance Company claims address at 399 Market Street, Philadelphia, PA 19181-2250, along with a claims form that can be downloaded online.

You can download a Colonial Penn life insurance claim form on the Colonial Penn website.

If you can’t or don’t want to download a form, you can call the Colonial Penn claims phone number and have them mail or fax one to you. Their customer support team understands that filing a life insurance claim means that you are likely going through a difficult time and they will do their best to work with you.

Does Colonial Penn have good customer service?

Essentially, Colonial Penn’s customer service department is online. Although they do have phone numbers you can call to contact the company, they do ask that you attempt to find your answers online first.

They address the reasons that you might want to call, which include canceling your coverage, changing your address, or questions about your specific benefits.

Most of what you need to do can be handled online, including making your insurance premium payment. There is a FAQ section that covers topics such as:

• How to pay your bill online (Colonial Penn life insurance bill pay)
• Combining multiple policies into one bill
• Getting extra copies of your policy
• Changing your beneficiary

Colonial Penn customers can enroll in autopay at mycolonialpenn.com.

How do I get a life insurance quote from Colonial Penn?

Though you can’t get a Colonial Penn auto insurance quote because Colonial Penn does not offer auto insurance coverage, the Colonial Penn website does allow you to get a quote for any of their products online.

The downside is that you will have to provide them with your email address before you can even start the quote process, which may feel intrusive.

However, for those of you who want to get a quote for life insurance but don’t want the hassle of talking to an agent and getting a sales pitch, having this quote option makes the process easier.

Colonial Penn doesn’t require physicals to purchase their insurance, so the quote that you receive will be an accurate one and won’t be based on an ensuing doctor’s appointment or a visit from an examiner.

Getting a quote from this and multiple companies will help you get the lowest price for your life insurance needs. It is possible to get life insurance coverage that gives you and your family the security you deserve without breaking the bank, you just have to look. The same is true with car insurance; if you want to find the lowest auto insurance rates, you need to get multiple quotes.

What is the history of Colonial Penn?

Colonial Penn Insurance Company was initially founded in 1879 and is known as one of the oldest continuously operating life insurance companies in the nation.

Colonial Penn was called Conseco Direct Life Insurance Company until 2002 when the name was changed.

Colonial Penn is now a subsidiary of Conseco, Inc. In 1968, the company became one of the first to offer a plan where older individuals were guaranteed to be accepted without a medical exam.

Colonial Penn is currently licensed in 49 states, as well as Washington D.C., Puerto Rico, and the U.S. Virgin Islands.

They are not licensed and do not market their products in the state of New York. While Colonial Penn does not sell auto insurance, you can contact Colonial Penn for a life insurance quote or with specific questions via phone, fax, or regular mail. You can also find information plus an online contact form on Colonial Penn’s company website.

Colonial Penn’s life insurance contact information and phone number is:

• Address: Colonial Penn, 399 Market Street, Philadelphia, PA 19181
• Phone: 215-928-8000
• Toll-Free: 877-877-8052
• Fax: 215-928-8710

The website for customers is found at www.mycolonialpenn.com.

We’ve updated our Colonial Penn life insurance reviews since 2019. How good is Colonial Penn insurance? Read on to find out. From our review, you can determine the pros and cons of Colonial Penn insurance.

Colonial Insurance Coverage Options

Colonial Penn sells life insurance products for individuals ages 18 and over. They are known for their Guaranteed Acceptance Plan for people ages 50-85, but they offer several other plans as well that are designed to meet the needs of various consumers.

You may be able to get cheaper Colonial Penn auto insurance rates if your credit is considered excellent or good. According to the Federal Trade Commission, consumers with above-average credit often receive discounts.

Not all plans are available in all states where Colonial Penn is licensed. An overview of the life insurance plans offered by Colonial Penn is found below.

Guaranteed Acceptance Life Insurance

• For individuals ages 50-85
• Available in most states except Massachusetts and Washington
• No health questions are asked, and no physical exam is necessary.
• It can’t be turned down for any reason, but you are limited to a two-year benefit.
• The rate will not increase, and benefits will not decrease as you age.
• Coverage cannot be canceled as long as you pay your premium on time.
• Can pay a premium each year in full and save money
• Receive the money-back guarantee offered within 30 days of signing up if you change your mind or are dissatisfied.

Life Choice Whole Life Insurance

Colonail Penn whole life insurance is called Life Choice.

• Available for ages 45-75
• Available in most states except Maine, Montana, and Vermont
• Five benefit amounts to choose from
• No medical exam necessary
• Must answer some health questions to determine eligibility
• Money-back guarantee

Term Life Insurance

This list reviews Colonial Penn’s term life insurance perks.

• Available for ages 18-77
• Can select from five year or 20-year renewable terms depending on your needs
• Five benefit amounts to choose from
• No medical exam necessary
• Must answer some health questions to determine eligibility
• The rate will not increase for the term.
• Money-back guarantee

How do you file a claim with Colonial Penn?

You can file Colonial Penn life insurance company death claim forms through the named beneficiary. The beneficiary must submit a form entitled “Claimant’s Statement for Life Insurance Death Benefits,” accompanied by a certified death certificate, and original insurance contract if possible.

This form can be found in the original information packet. If it cannot be located, it’s available on the company’s website and several other forms you may need. Contact the Colonial Penn life insurance claims phone number at 1-800-523-9100.

You can mail this information to the Market Street address, directed to Life Claims Department – 2250.

How do you get a Colonial Penn life insurance quote?

It’s never too early to start planning for your future. You can obtain an instant Colonial Penn insurance quote by visiting their website and clicking on the type of life insurance.

To obtain Colonial Penn auto insurance quotes, you must enter your state, age, gender, and email address.

It’s a good idea to have all of your information ready and prepare a list of questions you may have before calling customer service.

Obtain instant auto insurance quotes right now. Enter your ZIP code below, and you will see quotes from companies in your area to get you started in your insurance search.

Colonial Insurance Rates Breakdown

Here are the average costs of life insurance by gender and age.

Colonial Penn Life Insurance Rate Chart

The maximum amount of insurance that you can purchase from Colonial Penn is $25,000. However, you can purchase multiple policies from Colonial Penn for the same person.