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American General vs Colonial Penn Life Insurance

American General and Colonial Penn are two solid life insurance companies. Rest assured you can't make a bad choice if you have narrowed it down to American General and Colonial Penn. See our side by side comparison below to see how these two companies stack up. We have included financial ratings, current leadership, assets, and premium in force for both American General and Colonial Penn.
  • YEAR FOUNDED
    1968
  • CURRENT CEO
    James Prieur
  • AVAILABLE
    47 States
  • ADDRESS
    399 Market Street Philadelphia PA, 19106
  • TOP AWARDS

    Children's Scholarship Fund Philadelphia (CSFP) Corporate Citizen of the Year

  • PROS
    • No Exam and No Health Questions for the Guaranteed Issue Whole Life Insurance
    • The death benefit does not decrease over the life of the policy but remain fixed as long as one continues to make premium payments
    • Your premium is fixed for the life of the policy
  • CONS
    • Online application unavailable for all plans
    • Low coverage amounts
    • No living benefit for Guaranteed Issue plan
  • YEAR FOUNDED
    1919
  • CURRENT CEO
    James Arthur Mallon
  • AVAILABLE
    49 States
  • ADDRESS
    2929 Allen Parkway Houston, TX 77019
  • TOP AWARDS

    Business Insurance Innovation Awards 2017

    Top 100 Intership Programs 2018

    Best Places to Work for LGBTQ Equality

  • PROS
    • "Strong financial stability
    • Wide range of life policy products
    • Competitive pricing"
  • CONS
    • No 24/7 customer support.

Compare Other Options

1st place trophy
1st

Health IQ is a unique life insurance brokerage that gets you special rates if you live an active lifestyle. If you exercise a few times per week, you can qualify for lower rates. Click below to get an accurate quote.

2nd place trophy
2nd

AIG, also know as American International Group, has been in business since 1919. AIG's strong financial rating, product selection and competitive pricing earns it the #2 spot.

3rd place trophy
3rd

Banner is a subsidiary of Legal & General, and have been in business since 1836. They hold an A+ financial rating and have some of the most competitive rates. This earns them the #3 spot.

SOURCE Colonial Penn American General
JD Power N/A N/A
BBB N/A A-
AM Best A- A
Moody's Baa1 A2
Fitch BBB+ A+
Standard & Poor BBB+ A+
Comdex Score 62 83
SOURCE Colonial Penn American General
Total Assets $30 billion(CNO Financial Group) 498 billion
Life Insurance in Force $3.2B N/A
Colonial Penn American General
Guaranteed Acceptance Life InsuranceSelect-a-Term®
Permanent Whole Life InsuranceQoL Flex Term
Renewable Term Life InsuranceGuaranteed Issue Whole Life Insurance
QoL Flex Term
QoL Guarantee Plus GUL II
QoL Value+ Protector
QoL Max Accumulator+
Secure Lifetime GUL 3®
AG Secure Survivor GUL II®
Value+ Protector
Max Accumulator+
Variable Universal Life Insurance
Colonial Penn American General
Colonial Penn Guaranteed Issue Whole Life InsuranceSelect-a-Term®
Colonial Penn Patriot Program Whole Life and Term LifeQoL Flex Term
Guaranteed Issue Whole Life Insurance
QoL Flex Term
QoL Guarantee Plus GUL II
QoL Value+ Protector
QoL Max Accumulator+
Secure Lifetime GUL 3®
AG Secure Survivor GUL II®
Value+ Protector
Max Accumulator+
Variable Universal Life Insurance
Colonial Penn American General
No riders availableAccelerated Death Benefit Rider
Waiver of Premium Rider
Disability Income Rider
Child Term Rider
Accidental Death Rider
Jonathan Holloway
January 1, 1970
Jonathan is a licensed life insurance agent at NoExam.com that writes about insurance, personal finance, lifestyle, and sports. See our pages on term life insurance, life insurance rates and life insurance companies for more.
Disclaimer: We make every attempt to make sure our information is up to date, but since things change often it is best to double check the data. This review is an opinion. Clicking on links may result in NoExam.com being compensated.