How Good Is Colonial Penn Life Insurance? 
The most popular plan offered by the Colonial Penn Life Insurance Company is their guaranteed acceptance life insurance . The maximum face amount offered for that product is $ 8,000 . They do offer a few other products as well , with the maximum face amount of $ 50,000 for one and $ 25,000 for the rest . As far as I know , their life insurance is fine . Since it does not require an exam , you may be able to find lower prices elsewhere for those aimed to persons with good health . Their parent company , CNO Financial Group , is based in Indiana . Colonial Penn Life Insurance Company is rated B + + by AM Best . 