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American National vs Colonial Penn Life Insurance

American National 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 National 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 National 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
    1905
  • CURRENT CEO
    James Edward Pozzi
  • AVAILABLE
    All 50 States
  • ADDRESS
    One Moody Plaza Galveston, TX 77550
  • TOP AWARDS

    Forbes’ 2017 “Most Trustworthy Financial Companies”

  • PROS
  • CONS
    • One of the best companies for no exam life insurance
    • Cheaper premiums
    • More flexible health criteria age 61+

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 National
JD Power N/A N/A
BBB N/A N/A
AM Best A- A
Moody's Baa1 N/A
Fitch BBB+ N/A
Standard & Poor BBB+ A
Comdex Score 62 79
SOURCE Colonial Penn American National
Total Assets $30 billion(CNO Financial Group) $26 billion
Life Insurance in Force $3.2B $103 billion
Colonial Penn American National
Guaranteed Acceptance Life InsuranceXpress Plus
Permanent Whole Life InsuranceSignature Guaranteed UL
Renewable Term Life InsuranceSignature IUL
Signature Plus IUL
Affinity 7 Whole Life
ANICO Executive UL
Signature Term
Freedom Term Life Insurance
ValueGuard Whole Life Insurance
Legacy Whole Life Insurance
ANICO Signature Whole Life Insurance
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Colonial Penn American National
Colonial Penn Guaranteed Issue Whole Life InsuranceXpress Plus
Colonial Penn Patriot Program Whole Life and Term LifeSignature Guaranteed UL
Signature IUL
Signature Plus IUL
Affinity 7 Whole Life
ANICO Executive UL
Signature Term
Freedom Term Life Insurance
ValueGuard Whole Life Insurance
Legacy Whole Life Insurance
ANICO Signature Whole Life Insurance
ANICO Signature Plus Indexed Universal Life Insurance
Colonial Penn American National
No riders availableDisability Income Rider
Child Protection Rider
Terminal Illness Rider
Accelerated Death Benefit Rider
Chronic Illness Rider
Waiver of Premium
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.