Colonial Penn vs Protective Life Insurance

Colonial Penn and Protective 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 Protective. 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 Protective.
    John D. Johns
    All 50 States
    111 Congresional Blvd., Suite 500 Carmel, IN 46032

    2010 Optimas Award from Workforce Management Magazine

  • PROS
    • Financially sound.
    • Competitive, comprehensive rates.
    • Flexible health guidelines.
  • CONS
    • Approval can take awhile.
    • Low tolerance for smoking.
    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 Protective Colonial Penn
JD Power 774 N/A
AM Best A+ A-
Moody's A1 Baa1
Fitch A+ BBB+
Standard & Poor AA- BBB+
Comdex Score 92 62
SOURCE Protective Colonial Penn
Total Assets $75 Billion USD (2016) $30 billion(CNO Financial Group)
Life Insurance in Force $767.3 Billion $3.2B
Protective 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
Variable Universal Life Insurance
Indexed Universal Life Insurance
Survivorship Universal Life Insurance
Life Insurance for Children
Protective Colonial Penn
Protective Custom Choice UL Colonial Penn Guaranteed Issue Whole Life Insurance
Protective Advantage Choice ULColonial Penn Patriot Program Whole Life and Term Life
Protective Classic Choice Term
Protective One Year Term
ProClassic II
ProClassic Legacy
Protective Classic Choice Term
Investors Choice VUL
Strategic Objective VUL
Survivorship Term
Survior UL
Protective Whole Life
Protective Colonial Penn
Accidental death benefit riderNo riders available
Accelerated death benefit rider
Waiver of premium rider
Disability income rider
Guaranteed insurability rider
Term insurance rider
Children’s term 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.