Get Life Quotes Today is independent. We are not affiliated with, endorsed by or paid by Colonial Penn for this page, and calling our number does not connect you to Colonial Penn. If you already have a policy and need help with billing, changes or a claim, contact Colonial Penn directly. The licensed agents we connect callers with may or may not offer this company's products.
Colonial Penn at a glance
- Type
- Insurance company
- Headquarters
- Philadelphia, Pennsylvania
- Ownership
- Subsidiary of CNO Financial Group, a public company
- AM Best financial strength
- A (Excellent), affirmed by AM Best in April 2026 for CNO Financial Group's life and health subsidiaries. Source: AM Best release via Business Wire (opens in a new tab).
- How it sells
- Directly to consumers.
What Colonial Penn is known for
- Guaranteed acceptance whole life with no health questions and no exam
- Coverage sold in units, where one unit has a fixed monthly price
- Direct sales by phone, mail and online
What to weigh
- The amount of coverage one unit buys depends on your age and sex, and it is lower for older applicants. Ask for the dollar amount of coverage, not only the unit price.
- The guaranteed acceptance policy has a two-year limited benefit period. A non-accidental death in that time pays back premiums plus interest instead of the full benefit.
- People in reasonable health may qualify for more coverage per dollar from a policy that asks health questions
Comparisons
How to check any insurer yourself
- Look up the current financial strength rating at AM Best (opens in a new tab). Ratings change, so check the date.
- Compare complaint records with the NAIC consumer information search (opens in a new tab).
- Confirm the company and the agent are licensed with your state insurance department.
- Ask whether the policy has a waiting period. How graded benefits work.
Common questions
Is Colonial Penn a legitimate company?
Yes. Colonial Penn is an established, licensed insurer. A Philadelphia-based insurer and a subsidiary of CNO Financial Group, best known for guaranteed acceptance whole life insurance advertised on television to people aged 50 to 85.
Can I buy Colonial Penn through Get Life Quotes Today?
We do not sell insurance. We connect callers with third-party licensed agents, who may or may not offer Colonial Penn. Ask the agent which companies they represent.
How do I contact Colonial Penn about my existing policy?
Use the phone number on your policy or billing statement, or the company's own website. We have no access to Colonial Penn policy records and cannot help with service or claims.
Sources
- AM Best affirms credit ratings of CNO Financial Group (Business Wire, April 2026) (opens in a new tab)
- AM Best rating search (opens in a new tab)
Facts on this page were checked on October 13, 2026 and can change. This is general information, not a recommendation or insurance advice. Company names are trademarks of their owners and are used here only to identify the companies discussed.