Colonial Penn Life Insurance Company

3.9
1798 reviews

About

Insurance AgencyBankers Life
Dating back to 1879, Bankers Life provides a broad selection of life and health insurance products designed for Americans who are near or in retirement. With 230 offices, our 4,500 insurance agents/producers live and work in their local communities. Our agents take the time to get to know you, listen to your needs and values, and are dedicated to helping you meet your goals for a secure retirement. Get to know Bankers Life - and learn why our 1.1 million customers trust us to help protect their financial future, ensuring a healthier and rewarding retirement. Bankers Life is part of CNO Financial Group, Inc., whose companies provide life and health insurance, annuities, financial services and workforce benefits solutions.

Location

Colonial Penn Life Insurance Company
399 Market Street, Philadelphia, PA
19106, United States

Hours

Reviews

3.0
561 reviews
5 stars
225
4 stars
51
3 stars
28
2 stars
23
1 star
234
  • TT
    Terry Tryon
    5 days ago
    5.0
    Very helpful and professional helping get the best rates and not be uncomfortable with my decision thank you
  • DC
    Danny Cleary
    5 days ago
    1.0
    I have never used Colonial Penn Life Insurance. Don't be misled by the TV commercials. The "as little as" $9.95 a month gets you a measly $1,000 death benefit. It is also a 2 year limited benefit period. $1,000 won't even put a dent in your funeral costs. READ THE FINE PRINT. I can only imagine how many seniors have been taken advantage of by this. Shameful LMAO!! I see they're nothing but 1 star reviews. A much better option is Savings Bank Life Insurance (SBLI). Really decent plans for reasonable costs. Just my thoughts through experience.
  • SH
    Susan Hall
    Jan 5, 2026
    1.0
    People make sure you read or talk to these people. Your 9.95 a month gives you little pay back. It's 9.95 a unit. But you would need to buy many units to get a half decent pay back. They make it sound like you have such a great thing at 9.95 a month. Read the fine print
  • CA
    Cherry Arnold-Verry
    Dec 27, 2025
    5.0
    I had questions re: insurance policies and payments due, all my questions were answered. The customer service rep was kind, compassionate and answered my questions, them took my payment that was due.
  • GG
    GARY
    Dec 15, 2025
    1.0
    Colonial penn is a rip off. Don't believe that $9.95 commercial. That only gives you $1000.00 coverage. Your actual insurance rate for a REAL policy will cost you hundreds of dollars. This is a big case of false advertising. They need to be sued. I was shocked when I called colonial penn. Don't deal with this company

Frequently Asked Questions About Colonial Penn Life Insurance Company

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

Colonial Penn Life Insurance Company offers a broad selection of life and health insurance products designed mainly for Americans who are near or in retirement.

Where is Colonial Penn Life Insurance Company located?

It is located at 399 Market Street, Philadelphia, PA, 19106, US.