Colonial Penn Life Insurance CompanyReviews of colonialpenn.com

This is ridiculous. I'm trying to turn in a claim on my best life long friend that passed away in October. So I mailed the claim form and a copy of her death certificate in April and haven't gotten any response. So I call 2 times and talk to 2 different people that didn't help at all. So because I didn't know her zip code of what was on her death certificate I can't get any answers. No matter I know her SS #, date of birth, mother and father name, siblings name and her sons. Oh and I'm the POA. Do you need her blood type to get some answers? Sorry I can't tell you that.

You'll pay more in premiums than you'll ever get back. The 3 P's of life insurance is a take off from the 3 most important things on having a business are: location, location and location.......

Colonial is a close to a scam as you can get. Very, very misleading with advertising. You may pay only $9.95 a month for 20 years but only get $1100 of coverage. You pay more in premiums than you get back. They also signed me up without approval and tried to deduct a monthly payment, however, they got caught. No money for Colonial Penn. Read complaints from BBB. Poor little senior citizens are being scammed for sure.

These r crappy policies that have been around 4 years.Colonel Penn is just one of many companies that sells them. They r deceptive and aimed at the elderly. During the 1st two years they do not pay a death benefit.. Instead, u get a return of premium. By year five u have paid more than the death benefit into the plan. If u cancel u lose everything. If u continue u r being ripped off. The only way to make the policy work is to die between years 3 and 5.

Rip Off, BUYER BEWARE PERIOD!!!! Company has major complaints against them based on all of their practices and the commercials don't disclose the entire truth. Don't do business with this company would be my advice and recommendation.

Tired of these people lying to people and constant ads 9.95 a month insurance = 1000.00 dollar coverage give me a break

Because they don't pay for 1st 2 years, you end up paying $2400 for $900 worth of coverage. No wonder they say you can keep it as long as you pay your premiums. After 10 years, you've paid $24,000 for $900 worth of insurance. Sure you want to just make CP rich?

They are a terrible insurance company, I have had my policy for over 5 years and pay approximately 70.00 a month for a $20,000. whole life policy. Now trying to get a Whole life policy through them for my husband in the amount of 100,000. they refuse saying he can only get a $15,000. policy for 150.00 a month.