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Colonial Penn Life Insurance – Get The Truth!

Looking for a quote for life insurance or burial insurance? Click here and send me a message with details of what you’re wanting to accomplish. If you’d prefer to talk live, call 888-626-0439 to speak with me directly.

This Post Will Give You Some Good Insight On How Colonial Penn Works From The Perspective Of Life Insurance

Learn the facts behind Colonial Penn Life Insurance and their Guaranteed Acceptance product in my new article.

NOTE: Would you prefer me to present this information to you in video format? Watch the video below for the complete presentation on Colonial Penn Life insurance. Enjoy!

Here’s An Overview Of Today’s Topics:

What They Advertise

I myself am a life insurance agent. I specialize in working with different companies, and I know all these companies very well. I’ve been in business for five years, and I have over 1,500 people insured.

Colonial Penn specializes in what’s called guaranteed-acceptance life insurance.


Be sure to read the fine print of any Colonial Penn policy.

If you listen to the commercial, Alex Trebek talks about the fact that you’ll never have a physical, your rates never go up, and your coverage never goes down, which is all true. But what they don’t tell you is that you’re not covered for two years.

The Truth

You heard right.

If you die within the first two years with a Colonial Penn plan – or any guaranteed – acceptance plan for that matter – you’ll only receive a refund on what you’ve paid in plus 7% interest.

I’ll give you an example. The one in particular that stands out with me is the very first policy I sold. This gentleman’s father had Colonial Penn. He told his children he had enough insurance for his burial and they would not need to pay for anything. Unfortunately, he passed away unexpectedly from a stroke about 12 months later.

To the chagrin of his bereaved children, he didn’t have the coverage they expected. His father simply didn’t understand his Colonial Penn plan had a two-year waiting period. The kids only received $400-$500 and had to mortgage their house to bury their father.

Your Last Resort

It was a sad scenario, but unfortunately, it’s very common. I mention this because guaranteed acceptance is something that’s good if there are no other options. It is the nuclear option, okay? If you can’t find insurance anywhere else, if you’ve exhausted all of your options, Colonial Penn is fine.

But the truth is most people can do a lot better than Colonial Penn. Even if you’ve had a history of heart problems, cancer, lung problems, diabetes – you name it – even things like Parkinson’s or lupus or mental health issues – there’s a company out there that will get you first-day full coverage.

My twin girls Emily and Eva thank you for reading, and hope you’ve gained truly valuable information on your search for life or burial insurance. If you’re ready to discover your options for life or burial insurance, call me at 888-626-0439 now for your free life insurance quote!

The important thing to remember is you want to talk to an agent that will help you find the best price plan that gives you at least partial, if not full, first-day coverage. At that’s what I do.

There’s a quote box on my website where you can input your information and get an idea of what it will cost. You can also either give me a call or go to the contact page and give me your information, and I’ll reach out with a free, no-obligation quote just to give you an idea of what your options are.

No pressure whatsoever. I just want to empower you to make sure you’re going to get the best deal possible.


We work with individuals across the nation to secure the best life insurance rates.

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