Company Details

  COLONIAL PENN LIFE INSURANCE COMPANY License Status :
Active

NAIC Number :

62065


Phone Number:

215-928-8000


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
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 0.07% $12,491,650 $12,387,694 $8,677,685 $8,946,437 72.22 %
2019 Individual Medicare Supplement 0.53% $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 5.21% $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 0.04% $3,734,347 $0 $2,530,571 $0 N/A
2019 Group Whole Life 0.76% $558,509 $0 $254,896 $0 N/A
2019 Group Term Life 0.05% $602,027 $0 $468,011 $0 N/A
2019 Group Graded Death Benefits 11.29% $2,573,811 $0 $1,805,277 $0 N/A
2019 Group Ordinary Annuities 0.00% $0 $0 $2,387 $0 N/A
2018 Total Accident & Health 0.02% $11,833,289 $11,769,706 $8,159,945 $8,170,655 69.42 %
2018 Total Individual Accident & Health 0.07% $11,831,519 $11,767,935 $8,159,945 $8,171,265 69.44 %
2018 Individual Medicare Supplement 0.51% $11,831,439 $11,767,809 $8,159,945 $8,171,849 69.44 %
2018 Individual Accident Only 0.00% $80 $126 $0 $-584 -463.49 %
2018 Total Group Accident & Health 0.00% $1,770 $1,771 $0 $-610 -34.44 %
2018 Group Specified Disease 0.00% $911 $911 $0 $-46 -5.05 %
2018 Group Limited Benefit 0.00% $859 $860 $0 $-564 -65.58 %
2018 Total Life 0.02% $4,995,516 $0 $3,301,855 $0 N/A
2018 Total Individual Life 0.01% $1,157,602 $0 $735,373 $0 N/A
2018 Individual Whole Life 0.01% $139,039 $0 $184,393 $0 N/A
2018 Individual Term Life 0.00% $7,821 $0 $0 $0 N/A
2018 Individual Universal Life 0.00% $0 $0 $0 $0 N/A
2018 Individual Graded Death Benefits 4.07% $1,010,742 $0 $516,180 $0 N/A
2018 Individual Ordinary Annuities 0.00% $0 $0 $34,800 $0 N/A
2018 Total Group Life 0.02% $3,837,914 $0 $2,566,482 $0 N/A
2018 Group Whole Life 0.56% $546,105 $0 $223,133 $0 N/A
2018 Group Term Life 0.06% $632,227 $0 $394,234 $0 N/A
2018 Group Graded Death Benefits 10.48% $2,659,582 $0 $1,945,902 $0 N/A
2018 Group Ordinary Annuities 0.00% $0 $0 $3,213 $0 N/A
2017 Total Accident & Health 0.02% $11,213,712 $11,337,003 $8,024,886 $7,948,314 70.11 %
2017 Total Individual Accident & Health 0.05% $11,211,382 $11,334,666 $8,024,886 $7,948,721 70.13 %
2017 Individual Medicare Supplement 0.49% $11,211,143 $11,334,374 $8,024,886 $7,948,971 70.13 %
2017 Individual Specified Disease 0.00% $239 $292 $0 $-250 -85.62 %
2017 Total Group Accident & Health 0.00% $2,330 $2,337 $0 $-407 -17.42 %
2017 Group Specified Disease 0.00% $911 $911 $0 $49 5.38 %
2017 Group Limited Benefit 0.00% $1,419 $1,426 $0 $-456 -31.98 %
2017 Total Life 0.02% $4,808,876 $0 $3,324,036 $0 N/A
2017 Total Individual Life 0.01% $880,726 $0 $644,874 $0 N/A
2017 Individual Whole Life 0.01% $139,950 $0 $106,651 $0 N/A
2017 Individual Term Life 0.00% $9,845 $0 $10,000 $0 N/A
2017 Individual Universal Life 0.00% $0 $0 $0 $0 N/A
2017 Individual Graded Death Benefits 3.34% $730,931 $0 $437,536 $0 N/A
2017 Individual Ordinary Annuities 0.00% $0 $0 $90,687 $0 N/A
2017 Total Group Life 0.05% $3,928,150 $0 $2,679,162 $0 N/A
2017 Group Whole Life 0.44% $531,701 $0 $315,028 $0 N/A
2017 Group Term Life 0.06% $658,851 $0 $543,501 $0 N/A
2017 Group Graded Death Benefits 9.70% $2,737,598 $0 $1,817,266 $0 N/A
2017 Group Ordinary Annuities 0.00% $0 $0 $3,367 $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
2019 Health 0.12% 6 130
2019 Life and Annuities 0.05% 2 371
2019 Medicare Supplement Insurance 1.42% 6 303
2018 Health 0.12% 6 118
2018 Life and Annuities 0.05% 4 688
2018 Medicare Supplement Insurance 1.40% 5 247
2017 Health 0.12% 6 109
2017 Life and Annuities 0.05% 5 879
2017 Medicare Supplement Insurance 1.37% 5 238


Company Changes

Effective Date: 10/01/2002

Comments: Conseco Direct Life Insurance Co. changed its name to Colonial Penn Life Insurance Co.


Market Conduct

This company does not have any market conduct exams or investigations.


Financial Exams

This company does not have any financial exams.