If you want to sign up for a Medicare Supplement plan, you might be looking into information about Colonial Penn. You may find that you want to apply for a plan once you find out more about this company, but you should know that it always pays to look up different quotes before you fill out your application. Luckily, we can help.
How Much Do Colonial Penn Medicare Supplement Plans Cost?
We thought you might be wondering how much the average policy costs through Colonial Penn, so we did a little bit of research for you. Here’s a list of quotes for Medicare Supplement plan G for a 65-year-old non-smoking female from each of these states to get you started:
Obviously, your quotes may vary. For the most accurate quote information, it’s best to use our Web-based tool or to speak with one of us about your options.
A Little History Of Colonial Penn Medicare Supplement Plans
- Colonial Penn Life Insurance Company has been in business since 1968.
- Primarily known for its life insurance policies, Colonial Penn offers Medicare Supplement plan options for senior citizens and disabled individuals who receive Medicare benefits.
- It was one of the first insurance companies to offer a guaranteed acceptance life insurance plan option.
- It’s based out of Philadelphia, PA.
Colonial Penn Medicare Supplements: The Numbers
- Parent Company: CNO Financial Group
- Years in the Medicare Supplement Business: 19
- A.M. Best Rating: A-
- Lives Insured Nationally: 217,775
- Premium Revenue: $418,493,431
Our Professional Review of Colonial Penn Medicare Supplement Plans
You might recognize Colonial Penn due to their recent television commercials that feature Alex Trebek, the host of Jeopardy. Along with offering simplified issue whole life insurance plans for $0.35 a day (which we don’t recommend), Colonial Penn also sells Medicare Supplement plans under the name Banker’s Life Insurance Company.
You may have even had an agent offer to come to your house since this is one company that still uses this sales method. Some seniors like the idea of having an agent come to their home to speak to them about Colonial Penn Medicare Supplement plans, but the problem with this is that you are generally only going to be told about what that particular agent’s company has to offer; you won’t usually be given information so that you can compare supplemental policy rates for Medicare Supplement plan G, Medicare Supplement plan F and other plans from different providers.
Even though you might find that a Colonial Penn Medicare Supplement plan is the right choice for you, we suggest that you do your research and check into other companies and their rates first. Luckily, we can help you do this.
Please note that we only provide our opinion as a service to you. We are not endorsed by or associated with Colonial Penn, and the information that we have shared on our website has not been approved or endorsed by this company.
We Can Help You Find Quotes
We want to help you find a plan that is right for you. If you want to enroll in a Medicare Supplement program, call us or use our online tool so that you can find out more about your options.