Colonial Penn Life Insurance Overview Although Colonial Penn is a stable insurer with an A- financial strength rating from AM Best,* the company received mixed marks in other areas. Part of this is due to limited offerings and a focus on no-exam policies that result in higher policyholder pre...
Colonial Life and Accident Insurance has been in the insurance business for over 75 years, and it enjoys a strong reputation. Colonial is also financially sound, with an A rating from both the rating agencies Fitch and S&P and an A-minus rating by AM Best. Colonial also offers pre-tax pay...