Colonial Penn Life Insurance CompanyReviews of colonialpenn.com

Totally misleading advertising. I’m amazed the Feds haven’t shut them down. A 24karat joke.

This is a ripoff. The commercials do not say that you have to wait 2 years to get the full benefit of the life insurance. Be careful!

Colonial penn is thee worst life insurance. I have had nothi.g but problems..it is a hassle to even talk to associates, they never answer my questions, and they are not honest and I had to call 3 times a week for months to get claim. I would not recommend this to my worst enemy.

9.95 month you get $565 insurance. What a scam

I am so tired of watching the TV Commercials because they lie and take advantage of older people. People need to pass the word along to friends and family about how terrible Colonial Penn really is. I certainly do!

I contacted colonial Penn about receiving life insurance. I am on SSI. Not SSDI or any other sort. I was told that colonial Penn would not affect my SSI at all, and there was no problem with me signing up for insurance. I contacted SSI and found out that yes in fact, it does affect my SSI payments, as well as Medicaid. I had a representative come to my house to speak to me, and he assured me that there would be no repercussions for signing up for their insurance. This agent named Les boldly lied to my face, or was severely under educated. In fact, if you are on SSI all colonial Penn offers is whole life insurance. Because whole life insurance can be drawn upon as a monetary value, any amount of insurance above $1500 in payout will not only affect your SSI, but may end up having it canceled altogether. Less assured me that was not the case. SSI informed me that in fact that was the case and that I would be penalized for having whole life insurance over the value of $1500 , there is no need for this type of deception . With their ads on Television and through the mail, They fail to reveal that fact to people. If you are on SSI, do not sign up with colonial Penn. It could permanently eliminate your benefits.

Ever heard of Chinese water torture? Each commercial is drip, drip, drip they drives one nuts! So, soon as I see one, I change the channel or mute it. But just know, I will NEVER EVER get Colonial Penn, NEVER! I will text this to the channels runing your torturous commercial. Michael Diamond

Stop lying to customers. I have repeatedly sent claim forms to receive a measly $1,000 death payout for my Mom who passed away 12/22/23. I keep getting letters saying they require more info. I have sent a copy of will, claim form, death certificates, copy of insurance policy...but I keep getting letters telling me they will start the claim once they receive additional info. I'm beyond pissed because you only talk to customer reps who tell you they will make sure the "escalation team" know that I called, so they can move forward with the claim. I've been told this 3 times since February. I was faithful in sending in my Mom's annual premium for this coverage for many years. This is the THANKS that she gets for being faithful and on time with her payments. DO BETTER COLONIAL PENN!!!