Comments on: Colonial Penn – That’s Some Expensive Insurance!

By: DD

DD — Fri, 10 Apr 2009 16:42:23 +0000

Did Colonial Penn get bought out by another Insurance company?

By: tammi wilson

tammi wilson — Fri, 27 Feb 2009 01:56:58 +0000

Help!!my husband had a kidney transplant in july,does anyone know if and where we could get life ins? after 10 yrs with ins. on our house (50,000.00 would be given to surviving spouse) now after we refinanced our home,they tell us we CAN’T get that ins anymore because of his kidney transplant!!! so for the whole 10 yrs. we paid in now they can just boot us?Insurances are only GOOD for Insurance companies. Can anyone recommend anything for us?

By: Claire

Claire — Sat, 21 Feb 2009 17:51:37 +0000

This insurance is a scam. My father purchased $3270 worth of insurance and has paid out over $8000. Colonial Penn says he has to pay until he is 100 years old or he will lose all the paid up dividends (which don’t equal the value of the policy + the additional amount paid).

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By: Joan Collins

Joan Collins — Sun, 30 Nov 2008 20:29:45 +0000

I’m shopping life insurance for my mom who is 70yrs old and a dialysis patient. As a family we don’t we don’t have money to deal with funeural expenses when the time comes and neither do we have funds for an expensive policy. Any advice?

By: Earl Biswell

Earl Biswell — Mon, 03 Nov 2008 23:26:08 +0000

I have found this website and the info very helpful however my biggest concern with many of these “special offers” for insurance even those through AARP is I’m never sure if when the time comes to use it whether or not I’m going to get the service and help from the insurance company. It seems that the only true colors of these insurance companies become exposed is when someone needs it and the insurance company suddenly has exceptions or provisions. So has anyone out there who has Colonial Penn or AIG etc., tried to use or claim on your policy and if so how were you treated and how quickly did they settle with you? I’ve used our local State Farm agent many times over the years and they are right there when you call them and help you every step of the way no questions asked but these other companies that are not “local” can be difficult to deal with in times of crisis, so please give me some feedback on these companies if you’ve had to deal with them during times of crisis. Thank you.

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By: Laura

Laura — Tue, 24 Jun 2008 13:57:25 +0000

Regarding those Colonial Penn ads, doesn’t that couple seem way too old to have kids living at home, certainly children they might need to check on during the night? I’d suggest they kick their 30 year old deadbeat kids out of the house and invest in a better insurance policy with the money saved.

By: Canada life insurance

Canada life insurance — Mon, 18 Feb 2008 14:35:39 +0000

Aggressive marketing campaigns could bring some short term earns, but I think they do harm to company when considering long term impacts on customer's confidence. Anyway, there are so many easy to use (and easy to understand) tools on the web, which could be used by people to avoid unfair dealing. It is just matter of being informed. I use simple calculator on my website instant quote term life Canada to help people with their decision.

By: Jason J

Jason J — Sun, 10 Feb 2008 03:36:23 +0000

Once again you’ve provided great information. This time the timing couldn’t be better as I’ve been investigating the purchase of life insurance. I’ve also found the Colonial Penn commercials amusing. Thanks for the head’s up.