What is Colonial Penn Life Insurance Contact?
Colonial Penn Life Insurance is the insurance company headquartered in Philadelphia, Pennsylvania. It is the subsidiary of CNO Financial Group and writes insurance for the people belonging to the Age group between 50 to 85. Colonial Penn Life Insurance company provides guaranteed acceptance life insurance, life insurance, term life insurance, whole life insurance and renewable life insurance.
Colonial Penn Life Insurance was founded in 1968 and is the Pioneer to provide guaranteed acceptance life insurance. The company has hired various celebrities to endorse its policies such as Ed McMohan, Joe Theismann, Alex Trebex etc.
In between 1980's and 1990's, the company was acquired by several firms. Colonial Penn Life Insurance was taken over by FPL Group in 1985 and in 1991, its ownership was passed to Leucadio National. Conseco or CNO Financial Group owned Colonial Penn Life Insurance from Leucadio in 1998. Under the acquisition of Conseco, Colonial Insurance was rebranded as Conseco Direct Life though it was again reverted to its original name in 2001.