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Last Updated: 04/18/2025

Guaranteed Acceptance Whole Life Insurance from Colonial Penn

from Colonial Penn Life Insurance Company

Last Updated: 04/18/2025

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Highlights

Term Life Death Benefit Range

N/A

Term Options

N/A

Financial Strength Rating

A(Verified 04/18/2025)

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Guaranteed Acceptance Whole Life Insurance from Colonial Penn Review

Guaranteed Acceptance Life Insurance Pros & Cons

Pros

Cons

You don’t need to be in perfect health to get coverage.
Locked-in premium & benefit amount.
Coverage options start at $9.95 a month. Flexible payment options.
As long as you pay for your bill, your coverage can't be canceled.
Offers life insurance policies that don't require medical exams.
Strong financial rating
Available in 49 states.

Two-year limited benefit period
Does not offer a wide selection of life insurance policy types.

Colonial Penn Life Insurance Company is a life insurance carrier based in Philadelphia, PA. The company was founded in 1968 and offers life insurance products in 49 states (and Washington, DC).

Guaranteed Acceptance Life Insurance FAQ

What types of life insurance products does Colonial Penn Life Insurance Company offer?

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 Colonial Penn Life Insurance Company offers.

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 They have a tax deferred cash value, meaning the cash value will not be taxed until funds are withdrawn. The maximum whole life insurance benefit is based on your age and gender.

What is SuperMoney's financial rating of Colonial Penn Life Insurance Company?

The financial strength rating of life insurance companies scores its ability to pay contracts and life insurance policies. SuperMoney gives Colonial Penn Life Insurance Company an A or excellent, which is SuperMoney's second highest available score for life insurance companies.

SuperMoney's financial strength rating is primarily based on the average score from independent insurance rating agencies.

Guaranteed Acceptance Whole Life Insurance from Colonial Penn Disclosure: Insurers and their representatives are not permitted by law to offer tax or legal advice. The general and educational information here supports the sales, marketing, or service of insurance policies. Based upon individuals’ particular circumstances and objectives, they should seek specific advice from their own qualified and duly-licensed independent tax or legal advisors.

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Contact

Headquarters

399 Market St

Philadelphia, PA 19106

(800) 523-9100

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SuperMoney Net Recommendation Score

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-1000+100

No one recommends

Everyone recommends

The recommendation score reflects customer satisfaction with a provider. A score of +100 means every customer recommends the provider, while -100 means none of them do. These scores are based entirely on community member votes and are not influenced by partner compensation. SuperMoney removes fake reviews when detected.