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Company Details
COLONIAL PENN LIFE INSURANCE COMPANY License Status :
Active
NAIC Number :
62065
Phone Number:
3178176485
Company Address:
11299 Illinois Street, Suite 200
Carmel, IN 46032
Description:
Life and Health
License Number:
A420668
Date Admitted:
1968-08-30
Market Share
Link to Supplemental Data Page
| Year | Line | Market Share | Direct Premium Written | Direct Premium Earned | Direct Losses Paid | Direct Losses Incurred | Loss Ratio |
|---|---|---|---|---|---|---|---|
| 2023 | Total Accident & Health | 0.06% | $8,421,428 | $8,631,400 | $6,651,059 | $6,417,433 | 74.35 % |
| 2023 | Total Individual Accident & Health | 0.16% | $8,420,883 | $8,630,839 | $6,651,059 | $6,418,031 | 74.36 % |
| 2023 | Individual Medicare Supplement | 1.58% | $8,420,883 | $8,630,839 | $6,651,059 | $6,418,031 | 74.36 % |
| 2023 | Total Group Accident & Health | 0.00% | $545 | $561 | $0 | $-598 | -106.60 % |
| 2023 | Group Specified Disease | 0.00% | $141 | $157 | $0 | $-630 | -401.27 % |
| 2023 | Group Limited Benefit | 0.00% | $404 | $404 | $0 | $32 | 7.92 % |
| 2023 | Total Life | 0.05% | $6,431,340 | $0 | $3,211,536 | $0 | N/A |
| 2023 | Total Individual Life | 0.03% | $2,959,653 | $0 | $1,181,860 | $0 | N/A |
| 2023 | Individual Whole Life | 0.03% | $221,667 | $0 | $117,404 | $0 | N/A |
| 2023 | Individual Term Life | 0.00% | $19,666 | $0 | $35,000 | $0 | N/A |
| 2023 | Individual Universal Life | 0.00% | $0 | $0 | $0 | $0 | N/A |
| 2023 | Individual Graded Death Benefits | 15.54% | $2,718,320 | $0 | $993,456 | $0 | N/A |
| 2023 | Individual Ordinary Annuities | 0.00% | $0 | $0 | $36,000 | $0 | N/A |
| 2023 | Total Group Life | 0.10% | $3,471,687 | $0 | $2,029,676 | $0 | N/A |
| 2023 | Group Whole Life | 0.73% | $432,467 | $0 | $210,088 | $0 | N/A |
| 2023 | Group Term Life | 0.08% | $458,671 | $0 | $310,625 | $0 | N/A |
| 2023 | Group Graded Death Benefits | 64.07% | $2,580,549 | $0 | $1,507,607 | $0 | N/A |
| 2023 | Group Ordinary Annuities | 0.00% | $0 | $0 | $1,356 | $0 | N/A |
| 2022 | Total Accident & Health | 0.08% | $10,065,022 | $10,231,042 | $7,259,531 | $7,123,783 | 69.63 % |
| 2022 | Total Individual Accident & Health | 0.21% | $10,064,055 | $10,230,007 | $7,259,531 | $7,123,932 | 69.64 % |
| 2022 | Individual Medicare Supplement | 2.00% | $10,064,055 | $10,230,007 | $7,259,531 | $7,123,932 | 69.64 % |
| 2022 | Total Group Accident & Health | 0.00% | $967 | $1,035 | $0 | $-149 | -14.40 % |
| 2022 | Group Specified Disease | 0.00% | $563 | $631 | $0 | $-151 | -23.93 % |
| 2022 | Group Limited Benefit | 0.00% | $404 | $404 | $0 | $2 | 0.50 % |
| 2022 | Total Life | 0.04% | $6,168,210 | $0 | $3,590,446 | $0 | N/A |
| 2022 | Total Individual Life | 0.03% | $2,633,640 | $0 | $1,282,138 | $0 | N/A |
| 2022 | Individual Whole Life | 0.02% | $214,310 | $0 | $176,280 | $0 | N/A |
| 2022 | Individual Term Life | 0.00% | $20,707 | $0 | $30,258 | $0 | N/A |
| 2022 | Individual Universal Life | 0.00% | $0 | $0 | $0 | $0 | N/A |
| 2022 | Individual Graded Death Benefits | 10.23% | $2,398,623 | $0 | $1,039,600 | $0 | N/A |
| 2022 | Individual Ordinary Annuities | 0.00% | $0 | $0 | $36,000 | $0 | N/A |
| 2022 | Total Group Life | 0.08% | $3,534,570 | $0 | $2,308,308 | $0 | N/A |
| 2022 | Group Whole Life | 1.10% | $452,384 | $0 | $240,809 | $0 | N/A |
| 2022 | Group Term Life | 0.09% | $481,722 | $0 | $300,875 | $0 | N/A |
| 2022 | Group Graded Death Benefits | 62.82% | $2,600,464 | $0 | $1,765,268 | $0 | N/A |
| 2022 | Group Ordinary Annuities | 0.00% | $0 | $0 | $1,356 | $0 | N/A |
| 2021 | Total Accident & Health | 0.10% | $11,893,542 | $11,999,638 | $7,893,267 | $7,912,292 | 65.94 % |
| 2021 | Total Individual Accident & Health | 0.26% | $11,892,107 | $11,998,200 | $7,893,267 | $7,912,848 | 65.95 % |
| 2021 | Individual Medicare Supplement | 2.04% | $11,892,107 | $11,998,200 | $7,893,267 | $7,912,848 | 65.95 % |
| 2021 | Total Group Accident & Health | 0.00% | $1,435 | $1,438 | $0 | $-556 | -38.66 % |
| 2021 | Group Specified Disease | 0.00% | $911 | $908 | $0 | $-222 | -24.45 % |
| 2021 | Group Limited Benefit | 0.00% | $524 | $530 | $0 | $-334 | -63.02 % |
| 2021 | Total Life | 0.05% | $5,850,362 | $0 | $3,765,710 | $0 | N/A |
| 2021 | Total Individual Life | 0.03% | $2,226,145 | $0 | $978,216 | $0 | N/A |
| 2021 | Individual Whole Life | 0.02% | $181,290 | $0 | $190,817 | $0 | N/A |
| 2021 | Individual Term Life | 0.00% | $21,737 | $0 | $40,000 | $0 | N/A |
| 2021 | Individual Universal Life | 0.00% | $0 | $0 | $0 | $0 | N/A |
| 2021 | Individual Graded Death Benefits | 9.33% | $2,023,118 | $0 | $711,399 | $0 | N/A |
| 2021 | Individual Ordinary Annuities | 0.00% | $0 | $0 | $36,000 | $0 | N/A |
| 2021 | Total Group Life | 0.08% | $3,624,217 | $0 | $2,787,494 | $0 | N/A |
| 2021 | Group Whole Life | 1.08% | $494,454 | $0 | $244,203 | $0 | N/A |
| 2021 | Group Term Life | 0.09% | $518,079 | $0 | $520,280 | $0 | N/A |
| 2021 | Group Graded Death Benefits | 58.91% | $2,611,684 | $0 | $2,021,655 | $0 | N/A |
| 2021 | Group Ordinary Annuities | 0.00% | $0 | $0 | $1,356 | $0 | N/A |
Enforcements
The department has not taken enforcement action against this company in the past three years.
Complaint Index
| Year | Line | Market Share | Number of Complaints | Complaint Index |
|---|---|---|---|---|
| 2023 | Health | 0.10% | 4 | 181 |
| 2023 | Life and Annuities | 0.06% | 9 | 2177 |
| 2023 | Medicare Supplement Insurance | 1.26% | 4 | 417 |
| 2022 | Health | 0.14% | 5 | 166 |
| 2022 | Life and Annuities | 0.06% | 8 | 1943 |
| 2022 | Medicare Supplement Insurance | 0.92% | 5 | 736 |
| 2021 | Health | 0.15% | 5 | 137 |
| 2021 | Life and Annuities | 0.06% | 4 | 903 |
| 2021 | Medicare Supplement Insurance | 1.04% | 5 | 600 |
Company Changes
Effective Date: 10/01/2002
Comments: Conseco Direct Life Insurance Co. changed its name to Colonial Penn Life Insurance Co.
Market Conduct
Date: 11/29/2021
Financial Exams
This company does not have any financial exams.