Colonial Penn Life Insurance is one of those life insurance that specializes at providing the best life insurance services at a very affordable rate. This Life insurance company was founded back in the year 1968. It has a headquarter at Philadelphia, USA. On besides this things this company offers many different life insurance plans some of which include term life insurance plans and permanent life insurance plans. Moreover this insurance also provides the final expense or funeral services at the time of sudden departure of the insured. All one motive of this insurance is to provide the best insurance service at the time of financial crisis.
Guaranteed Whole Life Insurance is one of the most unique policy that this insurance has adopted according to the policy, one need not to face rejection when they apply for it online. Whatever may be the health of a person no matter, this insurance will accept your policy online. Besides this things the more that this insurance does is that this insurance does not take any medical exam and do not ask any health related problems. For almost all states this insurance company encourage all age groups of people to join over them. From 50-85 years of age this insurance accepts the people to have their whole life insurance. People could have a very flexible rate to pay off the premium they can pay it annually, semi annually, Quarterly. You can have a life time coverage set and this coverage will not change until you want to cancel it. Next thing that you need to understand is that you have a constant rate of premium throughout your lifetime. Coverage will never decrease it will remain constant all the time.
For both term and whole life insurance you will have the following benefits :
1. You can apply online and there is no medical exam required for you to get insurance policy.
2. You can get a benefits amount up to $50000.
3. It supports for most ages groups of people and for both of the policies accepts almost all ages groups of people for their policies.
This are some of the special features that Colonial Penn Life Insurance offers to its users.
Colonial Penn Life Insurance Customers Reviews and Complaints :
Many of the people have a common complaint that this insurance does not give what it tells. It guarantees to accept all ages and all type of people but actually they do not do so in their Guaranteed Acceptance Whole Life Insurance plans. Many of the people have been rejected for having blood pressure, Diabetes and other long term chronic disease that are controlled by medicines. Moreover the company also look at their ages. If they are above 60 or 65 and are suffering from those diseases then Colonial Penn insurance will mostly reject them.
Some of the people are very happy with Colonial Penn Life Insurance plans, policies and other many factors. They are happy because they got their coverage after their beloved one passed away. This insurance phoned them and expressed their heart felt condolence. Next thing they made all arrangement for funeral ceremony. This is really a great relief at the time of sudden departure of our beloved ones. In this sense they are very thankful and want to associate with this insurance in the near future.
Most of the people are very happy with their customer service agent. The way that they handle out the customers is amazing. At the time of set up of the policy and at the claim processing this insurance is very fast. All staffs are very friendly and they treat all the customers equal and give much priority. Actually most of the people are very much clarified by their plans and policies. They really think it as one of the best insurance company.
Some of the people have a complaint that though this insurance claims that they will not increase the rate of premium however they does not do so. For most of the people who are over 20 years over their policies they all have their policy rise. It is very difficult to pay the premium specially for the people at their old age who are retired or have a limited income. In that sense many people have complaint. If the policy will go like this then sadly they have to cancel the policy. This complaint is done by most of the old age people who has been associated for this insurance since a very long period of time.
Some of the people are unable to cancel their policy and jump to another policy. Though the company claims to to a flexibility on the policy cancellation on the hand of the owner. However this is not possible in every case. In some states this facility is available while in some other state this service is not available. As a result the person need to carry the policy and need to pay the premium for his life time.
Many of the people are happy by the overall services for this insurance company. Colonial Penn Life Insurance provides varieties of services at a very affordable rate. Next thing that is very important is that this insurance offers different types of policies and good customer services due to this reason most of the people are happy and satisfied. Though they are not satisfied with the flexibility of the company policies.
All these Colonial Penn Life Insurance Customers Reviews and Complaints has been taken out as in the form of summary. We have picked up both the Positive and Negative reviews. All this are based on the surveys that we have performed out. You can also joined with us by providing your reviews or your experience with Colonial Penn Life Insurance. You can put all your thoughts and experience on the comment box below.
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