Company Details

  COLONIAL PENN LIFE INSURANCE COMPANY License Status :
Active

NAIC Number :

62065


Phone Number:

317-817-6485


Company Address:

399 MARKET STREET 
PHILADELPHIA, PA  19181

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
2020 Total Accident & Health 0.02% $12,493,657 $12,516,280 $8,128,122 $8,000,799 63.92 %
2020 Total Individual Accident & Health 0.06% $12,492,035 $12,514,658 $8,097,622 $7,971,697 63.70 %
2020 Individual Comprehensive Medical Expense 0.20% $12,492,035 $12,514,658 $8,097,622 $7,971,697 63.70 %
2020 Total Group Accident & Health 0.00% $1,622 $1,622 $30,500 $29,102 N/A
2020 Group Specified Disease 0.00% $911 $911 $0 $327 35.89 %
2020 Group Limited Benefit 0.00% $711 $711 $30,500 $28,775 N/A
2020 Total Life 0.01% $5,449,052 $0 $3,336,565 $0 N/A
2020 Total Individual Life 0.01% $1,810,899 $0 $791,685 $0 N/A
2020 Individual Whole Life 0.01% $174,866 $0 $80,480 $0 N/A
2020 Individual Term Life 0.00% $15,795 $0 $0 $0 N/A
2020 Individual Universal Life 0.00% $0 $0 $0 $0 N/A
2020 Individual Graded Death Benefits 5.04% $1,620,238 $0 $606,705 $0 N/A
2020 Individual Ordinary Annuities 0.00% $0 $0 $104,500 $0 N/A
2020 Total Group Life 0.02% $3,638,153 $0 $2,544,880 $0 N/A
2020 Group Whole Life 0.34% $524,621 $0 $216,993 $0 N/A
2020 Group Term Life 0.04% $565,826 $0 $513,224 $0 N/A
2020 Group Graded Death Benefits 8.94% $2,547,706 $0 $1,812,985 $0 N/A
2020 Group Ordinary Annuities 0.00% $0 $0 $1,678 $0 N/A
2019 Total Accident & Health 0.02% $12,493,272 $12,389,317 $8,683,185 $8,954,486 72.28 %
2019 Total Individual Accident & Health 0.06% $12,491,650 $12,387,694 $8,677,685 $8,946,437 72.22 %
2019 Individual Medicare Supplement 0.48% $12,491,677 $12,387,661 $8,677,685 $8,947,736 72.23 %
2019 Individual Accident Only 0.00% $-27 $33 $0 $-1,299 -3,936.36 %
2019 Total Group Accident & Health 0.00% $1,622 $1,623 $5,500 $8,049 N/A
2019 Group Specified Disease 0.00% $911 $911 $0 $518 56.86 %
2019 Group Limited Benefit 0.00% $711 $712 $5,500 $7,531 N/A
2019 Total Life 0.02% $5,200,842 $0 $3,300,796 $0 N/A
2019 Total Individual Life 0.01% $1,466,495 $0 $770,225 $0 N/A
2019 Individual Whole Life 0.01% $146,811 $0 $73,745 $0 N/A
2019 Individual Term Life 0.00% $9,702 $0 $45,000 $0 N/A
2019 Individual Universal Life 0.00% $0 $0 $0 $0 N/A
2019 Individual Graded Death Benefits 4.16% $1,309,982 $0 $540,480 $0 N/A
2019 Individual Ordinary Annuities 0.00% $0 $0 $111,000 $0 N/A
2019 Total Group Life 0.03% $3,734,347 $0 $2,530,571 $0 N/A
2019 Group Whole Life 0.63% $558,509 $0 $254,896 $0 N/A
2019 Group Term Life 0.04% $602,027 $0 $468,011 $0 N/A
2019 Group Graded Death Benefits 8.31% $2,573,811 $0 $1,805,277 $0 N/A
2019 Group Ordinary Annuities 0.00% $0 $0 $2,387 $0 N/A

Enforcements

The department has not taken enforcement action against this company in the past three years.

Link to Enforcements Page


Complaint Index

Year Line Market Share Number of Complaints Complaint Index
2021 Health 0.14% 5 137
2021 Life and Annuities 0.06% 4 903
2021 Medicare Supplement Insurance 0.99% 5 600
2020 Health 0.14% 6 139
2020 Life and Annuities 0.06% 2 435
2020 Medicare Supplement Insurance 1.02% 6 546
2019 Health 0.13% 6 130
2019 Life and Annuities 0.05% 2 371
2019 Medicare Supplement Insurance 1.41% 6 303


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

CPLIC1121.pdf


Financial Exams

This company does not have any financial exams.