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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
2022 Total Accident & Health 0.02% $10,065,022 $10,231,042 $7,259,531 $7,123,783 69.63 %
2022 Total Individual Accident & Health 0.05% $10,064,055 $10,230,007 $7,259,531 $7,123,932 69.64 %
2022 Individual Medicare Supplement 0.38% $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 0.02% $6,168,210 $0 $3,590,446 $0 N/A
2022 Total Individual Life 0.01% $2,633,640 $0 $1,282,138 $0 N/A
2022 Individual Whole Life 0.01% $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 6.60% $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 0.02% $3,534,570 $0 $2,308,308 $0 N/A
2022 Group Whole Life 0.49% $452,384 $0 $240,809 $0 N/A
2022 Group Term Life 0.03% $481,722 $0 $300,875 $0 N/A
2022 Group Graded Death Benefits 10.81% $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 0.02% $11,893,542 $11,999,638 $7,893,267 $7,912,292 65.94 %
2021 Total Individual Accident & Health 0.05% $11,892,107 $11,998,200 $7,893,267 $7,912,848 65.95 %
2021 Individual Medicare Supplement 0.38% $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 0.02% $5,850,362 $0 $3,765,710 $0 N/A
2021 Total Individual Life 0.01% $2,226,145 $0 $978,216 $0 N/A
2021 Individual Whole Life 0.01% $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 5.98% $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 0.03% $3,624,217 $0 $2,787,494 $0 N/A
2021 Group Whole Life 0.50% $494,454 $0 $244,203 $0 N/A
2021 Group Term Life 0.03% $518,079 $0 $520,280 $0 N/A
2021 Group Graded Death Benefits 9.89% $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.

Link to Enforcements Page


Complaint Index

Year Line Market Share Number of Complaints Complaint Index
2022 Health 0.12% 5 166
2022 Life and Annuities 0.06% 8 1943
2022 Medicare Supplement Insurance 0.88% 5 736
2021 Life and Annuities 0.06% 4 903
2021 Medicare Supplement Insurance 1.00% 5 600
2021 Health 0.13% 5 137


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.