Colonial Penn life insurance company was founded in 1968, and is headquartered in Philadelphia, Pennsylvania. The company is a subsidiary of CNO Financial Group and it focuses of offering life insurance products to people aged between 50 and 85. While the company specializes in whole life policies, it also offers some term life policies. Products on offer include 20-year term life, Five-year renewable term life, LifeChoice whole life, Colonial Penn Patriot Program and Guaranteed acceptance whole life.
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