Colonial Penn Life Insurance Company is a Stock company that was incorporated in 1957-12-03. Colonial Penn Life Insurance Company is a Life insurance company and has assets of $692,246,216, capital of $2,500,000, and net surplus of $35,075,062.
The president of Colonial Penn Life Insurance Company is Gregory Richard Barstead , the treasurer is , and the secretary is . Colonial Penn Life Insurance Company insurance plans include annuities, health, and life.
Colonial Penn Life Insurance Company is located in Philadelphia, PA and the phone number for Colonial Penn Life Insurance Company claims, customer, service, and additional information is (215) 928-8000.
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Since my father didn’t have a policy for three years I did not receive the full amount that he was paying for on his policy which is a bunch of BS. The amount paid was not even half of what his policy was for.
Something needs to be done about this. This is a rip off especially for the policy holder’s family. If someone is paying for 10,000 in life insurance then that is the amount that needs to be paid regardless of how long the person has the policy for.
My mother turned 85 just 2 months ago..she called and then received a letter saying they couldn’t help her. I received a letter a week after. (I never contacted them)I called them and they wanted me to call back at another number fro customer assistance. I was told the next day that in Mass the laws are different and it is only to 75 not 85!! What false advertising!!!
They should make mention at to state it applies to….I would never trust them because they offered NO explanation in their letter to my mother. Poor elderly get scammed all the time. The man I spoke with was not even convincing!
I purchased a policy for my 65-year-old brother who was in bad health. I purchased only enough to bury him which was a policy valued at about $8500.00. He passed away 6 years after I purchased the policy. I filled out the form and provided the death certificate and sent it in.
The customer service person(s) I spoke with always gave me their condolences on his passing and were very courteous – except once when one of them tried to sell me more insurance. But, all in all, I had a very good experience and they paid the claim within 20 days of his passing.
Sorry for your losses, but read the complete paperwork that comes with your policies. Many of the ill feelings you have may have been for seen. Have a good day.
Rate and Review: Colonial Penn Life Insurance Company
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Since my father didn’t have a policy for three years I did not receive the full amount that he was paying for on his policy which is a bunch of BS. The amount paid was not even half of what his policy was for.
Something needs to be done about this. This is a rip off especially for the policy holder’s family. If someone is paying for 10,000 in life insurance then that is the amount that needs to be paid regardless of how long the person has the policy for.
This Company is a joke.
My mother turned 85 just 2 months ago..she called and then received a letter saying they couldn’t help her. I received a letter a week after. (I never contacted them)I called them and they wanted me to call back at another number fro customer assistance. I was told the next day that in Mass the laws are different and it is only to 75 not 85!! What false advertising!!!
They should make mention at to state it applies to….I would never trust them because they offered NO explanation in their letter to my mother. Poor elderly get scammed all the time. The man I spoke with was not even convincing!
I purchased a policy for my 65-year-old brother who was in bad health. I purchased only enough to bury him which was a policy valued at about $8500.00. He passed away 6 years after I purchased the policy. I filled out the form and provided the death certificate and sent it in.
The customer service person(s) I spoke with always gave me their condolences on his passing and were very courteous – except once when one of them tried to sell me more insurance. But, all in all, I had a very good experience and they paid the claim within 20 days of his passing.
Sorry for your losses, but read the complete paperwork that comes with your policies. Many of the ill feelings you have may have been for
seen. Have a good day.