Colonial Penn Life Insurance Company was founded in 1968 and is based in Philadelphia, PA.

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<h2 class="content-title">{{>seo_keyword}} Pros & Cons</h2>
{{>proscons_aggregate_life_insurance}}
{{parent_business_name}} is a life insurance{{#if features.bank_partnership.feature_value}} agency{{else}} carrier{{/if}} based in {{addr_city}}, {{addr_state}}. The company was founded in {{established}} and offers life insurance products in {{#if features.states_offered.feature_options.DC}}{{math features.states_offered.selected_option_count "-" 1}} states (and Washington, DC).{{else}}{{features.states_offered.selected_option_count}} state{{#ifCond features.states_offered.selected_option_count '>' 1}}s{{/ifCond}} in the USA.{{/if}} {{#if features.bank_partnership.feature_value}}The life insurance options they offer are issued by {{features.bank_partnership.feature_value}}.{{/if}}

<h2 class="content-title">{{>seo_keyword}} FAQ</h2>
<h2>What types of life insurance products{{#if features.bank_partnership.feature_value}} are available through {{>seo_keyword}}?{{else}} does {{parent_business_name}} offer?{{/if}}</h2>

Life insurance companies typically offer a wide variety of life insurance options. One of the best ways to save money on life insurance products is to avoid unnecessary coverage. Only purchase life insurance policies and riders you actually need.
 Here is a brief description of life insurance options {{parent_business_name}} offers. 

<ul>
	{{#if features.term_options.feature_options.[Term Life]}}
		<li>Term Life Insurance - This is the simplest type of life insurance policy. Term life insurance policies are payable if the insured person dies within a specific period of time, such as 5, 10, or 30 years.
			{{#if features.term_length.feature_value2}}
				{{>seo_keyword}} offers{{#if features.term_length.feature_value}} term lengths ranging from {{features.term_length.feature_value}} to {{features.term_length.feature_value2}} years.{{else}} a maximum term of {{features.term_length.feature_value2}} years.
			{{/if}}
			{{/if}}
			{{#if features.term_life_death_benefit_range.feature_value2}}
				 {{#if features.term_life_death_benefit_range.feature_value}} Death benefit amounts range from {{currency features.term_life_death_benefit_range.feature_value}} to {{currency features.term_life_death_benefit_range.feature_value2}}.{{else}} The maximum death benefit amount forn term life insurance policies is {{features.term_life_death_benefit_range.feature_value2}}.</li>
				 {{/if}}
			{{/if}}	
	{{/if}}
	{{#if features.term_options.feature_options.[Level Term]}}
		<li>Level Term Life Insurance - These are term life insurance policies that have the same fixed premium and payment amount through the duration of the life insurance policy.</li>
	{{/if}}
	{{#if features.term_options.feature_options.[Decreasing Term]}}
		<li>Decreasing Term Life Insurance- These types of term life insurance policies has fixed premiums but the death benefit decreases over the duration of the term life insurance policy.</li>
	{{/if}}
	{{#if features.term_options.feature_options.[Annual Renewable]}}
		<li>Annual Renewable Term Life Insurance - Annual renewable term life insurance policies provide a constant death benefit for the duration of the term life insurance policy but the premiums are reassessed every year.</li>
	{{/if}}
	{{#if features.whole_permanent_life_options.feature_options.[Whole Life (Traditional)]}}
		<li>Whole Life Insurance - Whole life insurance policies remain in force for the policyholder's entire life, provided premiums are paid. They have a tax deferred cash value, meaning the cash value will not be taxed until funds are withdrawn.
			{{#if features.whole_life_death_benefit_range.feature_value2}}
				 {{#if features.whole_life_death_benefit_range.feature_value}} Whole life insurance death benefit payments range from {{currency features.whole_life_death_benefit_range.feature_value}} to {{currency features.whole_life_death_benefit_range.feature_value2}}.{{else}} The maximum whole life insurance death benefit amount is {{currency features.whole_life_death_benefit_range.feature_value2}}.</li>
				 {{/if}}
				 {{else}}
				 The maximum whole life insurance benefit is based on your age and gender.
			{{/if}}	
	{{/if}}
	{{#if features.whole_permanent_life_options.feature_options.[Variable Life]}}
		<li>Variable Life Insurance - Variable life insurance are types of whole life insurance policies where the entire cash value of the life insurance policy is invested in several accounts. Therefore, the cash value of these whole life insurance policies rises and falls depending on the performance of the investments.</li>
	{{/if}}
	{{#if features.whole_permanent_life_options.feature_options.[Universal Life]}}
		<li>Universal Life Insurance - This type of universal life insurance policy guarantees a fixed death benefit and an investment account. The cash value of the investment account will vary depending on the portfolio's performance.</li>
	{{/if}}
	{{#if features.whole_permanent_life_options.feature_options.[Universal (Variable)]}}
		<li>Variable Universal Life Insurance - These types of universal life insurance policies provides the most flexibility when it comes to investing the cash value of a universal life policy in separate accounts with "variable" values.</li>
	{{/if}}
	{{#if features.whole_permanent_life_options.feature_options.[Universal (Indexed)]}}
		<li>Indexed Universal Life Insurance - These types of universal life insurance policies allows policyholders to place the cash value of the life insurance policy in a fixed account or an equity index account, such as the S&P 500 or the Nasdaq 100.</li>
	{{/if}}
	{{#if features.whole_permanent_life_options.feature_options.[Single Premium]}}
		<li>Single Premium Whole Life Insurance - These types of whole life insurance policies lets the policyholder makes one large payment that guarantees a death benefit without the need of further premiums.</li>
	{{/if}}

</ul>
{{#if features.additional_life_insurance_policies.feature_value}}
As well as the basic coverage mentioned above, {{business_name}} also offers the following features:

<ul>
{{#if features.additional_life_insurance_policies.feature_options.[Group Life Insurance]}}
		<li>Group Life Insurance - {{>seo_keyword}} offers some of its life insurance policies as a group benefit to employees who meet certain eligibility requirements, such as having worked for a month in the company. Typically, these term life insurance policies can only be adjusted or purchased after a qualifying life event, such as marriage or the birth of a child, or during an open enrollment period.</li>
	{{/if}}
	{{#if features.additional_life_insurance_policies.feature_options.[Guaranteed Issue]}}
		<li>Guaranteed acceptance - These whole life insurance policies offer a cash death benefit to the beneficiary. All coverage applications are approved regardless of health concerns. The catch is that these life insurance policies usually have lower death benefits and higher than normal premiums.</li>
	{{/if}}
	{{#if features.additional_life_insurance_policies.feature_options.[Survivorship]}}
		<li>Survivorship Life Insurance - These types of joint universal life insurance policies cover two individuals and pays a death benefit to a beneficiary after both have died.</li>
	{{/if}}
	{{#if features.additional_life_insurance_policies.feature_options.[Final Expense]}}
		<li>Final Expense - Even bare-bones funerals can cost thousands of dollars. These whole life insurance policies, also known as burial insurance, cover funeral and burial costs.</li>

	{{/if}}
{{/if}}
</ul>

{{#if features.driver_discounts.feature_value}} 
<h2>How can you save money on a {{>seo_keyword}} life insurance policy?</h2>
When you ask for a life insurance quote with {{>seo_keyword}}, ask what discounts are available for various life insurance options.
	These include:
	<ul>
	{{#if features.driver_discounts.feature_options.[Non-Smoker]}}
		<li>Being a non-smoker</li>
	{{/if}}
	{{#if features.driver_discounts.feature_options.[Multiple Policy]}}
	<li>Having multiple insurance policies with {{>seo_keyword}}</li>
	{{/if}}
	</ul>
{{/if}}


<h2>{{#if features.bank_partnership.feature_value}}What is SuperMoney's financial rating of {{features.bank_partnership.feature_value}}?{{else}}What is SuperMoney's financial rating of {{parent_business_name}}?{{/if}}</h2>
The financial strength rating of life insurance companies scores its ability to pay contracts and life insurance policies. 

{{#if features.am_best_financial_strength_rating.feature_value}}
SuperMoney gives {{#if features.bank_partnership.feature_value}}{{features.bank_partnership.feature_value}}{{else}} {{parent_business_name}}{{/if}}
	{{#if features.am_best_financial_strength_rating.feature_options.[A+]}}
		 an A+, which is the highest available rating we give to life insurance companies.
	{{/if}}

	{{#if features.am_best_financial_strength_rating.feature_options.[A]}}
		an A or excellent, which is SuperMoney's second highest available score for life insurance companies.
	{{/if}}

	{{#if features.am_best_financial_strength_rating.feature_options.[A-]}}
		an A-. Life insurance companies with this score show an excellent ability to cover their life insurance responsibilities.
	{{/if}}

	{{#if features.am_best_financial_strength_rating.feature_options.[B+]}}
		a B+. Life insurance companies with this rating show a good ability to pay for their life insurance obligations.
	{{/if}}

	{{#if features.am_best_financial_strength_rating.feature_options.[B]}}
		a B. Life insurance companies with this rating have a fairly good ability to pay for their life insurance obligations.{{/if}}{{#if features.am_best_financial_strength_rating.feature_options.[C+]}}{{>seo_keyword}} scores a C+. Life insurance companies with this score show some signs of financial instability and that may struggle to meet their life insurance responsibilities.
	{{/if}}

	{{#if features.am_best_financial_strength_rating.feature_options.[C+]}}
		a C+. Life insurance companies with this score show some signs of financial instability and may struggle to meet their life insurance responsibilities.
	{{/if}}

	{{#if features.am_best_financial_strength_rating.feature_options.[C]}}
	 a C. This is the SuperMoney's lowest rating. Life insurance companies with this score may be financially unstable and could struggle to cover the responsibilities of their life insurance policies.
	{{/if}}

{{else}}
SuperMoney does not have enough data to provide a financial rating for {{#if features.bank_partnership.feature_value}}{{features.bank_partnership.feature_value}}{{else}}{{>seo_keyword}}{{/if}}.
{{/if}}

SuperMoney's financial strength rating is primarily based on the average score from independent insurance rating agencies.

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Insurance carriers are companies that offer insurance policies to individuals and businesses. These companies are responsible for underwriting policies, calculating premiums, and paying out claims to policyholders when they suffer a loss covered by their policy. Insurance carriers make money by collecting premiums from policyholders and investing those funds, and by charging a higher premium than the expected cost of claims.

Life insurance is a type of insurance policy that provides financial protection for your loved ones in the event of your death. When you purchase a life insurance policy, you will pay a premium to the insurance company, and in return, the insurer will provide a death benefit to your designated beneficiaries in the event of your death. The amount of the death benefit will depend on the type of policy you have and the amount of coverage you choose. There are several different types of life insurance, including term life insurance, whole life insurance, and universal life insurance. Each type of policy has its own features and benefits, and it is important to choose the one that is right for your needs.

Term life insurance is a type of life insurance that provides coverage for a specific period of time, or term, typically 10, 20, or 30 years. Term life insurance policies do not have a savings component, and the premiums are generally lower than those for whole life insurance.

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