Colonial Penn vs Metlife Life Insurance

Colonial Penn and Metlife are two solid life insurance companies. Rest assured you can't make a bad choice if you have narrowed it down to Colonial Penn and Metlife. 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 Colonial Penn and Metlife.
    Steven A. Kandarian
    All 50 States
    New York, NY 10166

    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
    James Prieur
    47 States
    399 Market Street Philadelphia PA, 19106

    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

Compare Other Options

1st place trophy

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

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

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 Metlife Colonial Penn
JD Power 2/5 N/A
AM Best A+ A-
Moody's Aa3 Baa1
Fitch AA- BBB+
Standard & Poor AA- BBB+
Comdex Score 95 62
SOURCE Metlife Colonial Penn
Total Assets $719.892 billion $30 billion(CNO Financial Group)
Life Insurance in Force $4.662 trillion $3.2B
Metlife Colonial 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
Metlife Colonial 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)
Metlife Colonial Penn
accidental death riderNo riders available
accelerated death benefit 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.