Colonial Penn vs Metlife Life Insurance

  • YEAR FOUNDED
    1868
  • CURRENT CEO
    Steven A. Kandarian
  • AVAILABLE
    All 50 States
  • ADDRESS
    New York, NY 10166
  • TOP AWARDS

    Best Place to Work for Disability Inclusion

    America's Top 50 Organizations for Multicultural Business Opportunities

    Best Customer Experience, Product or Service Innovation with “Cogito — Real Time Customer Service Coaching"

  • PROS
    • High Security
    • Policy Variety
    • Additional Insurance Coverage Options
  • CONS
    • No Online Application
    • Major class action lawsuits
  • 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
SOURCEMetlifeColonial Penn
JD Power2/5N/A
BBBC-N/A
AM BestA+A-
Moody'sAa3Baa1
FitchAA-BBB+
Standard & PoorAA-BBB+
Comdex Score9562
SOURCEMetlifeColonial Penn
Total Assets$719.892 billion $30 billion(CNO Financial Group)
Life Insurance in Force$4.662 trillion $3.2B
MetlifeColonial Penn
Term Life InsuranceColonial Penn Guaranteed Issue Whole Life Insurance
Whole Life InsuranceColonial Penn Patriot Program Whole Life and Term Life
Universal Life Insurance
Accidental Death and Dismemberment
MetlifeColonial Penn
Basic Term Life Colonial Penn Guaranteed Issue Whole Life Insurance
Supplemental LifeColonial Penn Patriot Program Whole Life and Term Life
Dependent Life
Voluntary Retiree Life
Whole life insurance
Group Variable Universal Life (GVUL)
Group Universal Life (GUL)
Basic Accidental Death & Dismemberment (AD&D)
Supplemental AD&D
Dependent AD&D
Voluntary AD&D
Business Travel Accident (BTA)
MetlifeColonial Penn
accidental death riderNo riders available
accelerated death benefit rider
Jonathan Holloway
October 13, 2019
John Holloway is a licensed life insurance agent and co-founder at NoExam.com
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