American National vs Colonial Penn Life Insurance

  • 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+
    SOURCEColonial PennAmerican National
    JD PowerN/AN/A
    BBBN/AN/A
    AM BestA-A
    Moody'sBaa1N/A
    FitchBBB+N/A
    Standard & PoorBBB+A
    Comdex Score6279
    SOURCEColonial PennAmerican National
    Total Assets $30 billion(CNO Financial Group)$26 billion
    Life Insurance in Force $3.2B $103 billion
    Colonial PennAmerican 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
    ANICO Signature Plus Indexed Universal Life Insurance
    Colonial PennAmerican 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 PennAmerican National
    No riders availableDisability Income Rider
    Child Protection Rider
    Terminal Illness Rider
    Accelerated Death Benefit Rider
    Chronic Illness Rider
    Waiver of Premium
    Jonathan Holloway
    October 13, 2019
    John Holloway is a licensed life insurance agent and co-founder at NoExam.com
    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.