When was Colonial Penn founded?

Colonial Penn was founded in 1968.

Where is Colonial Penn located?

Colonial Penn is headquartered in Philadelphia, United States.

How many employees does Colonial Penn have?

As of Aug 31, 2026, the latest employee count at Colonial Penn is 293.

Where does Colonial Penn rank among its competitors?

Colonial Penn ranks 87th amongst 474 active competitors, of which 10 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was Zinnia, which secured $300M in Oct, 2024.

Who are the top competitors of Colonial Penn?

Colonial Penn's top competitors include AIA Group, Globe Life And Accident Insurance and F&G. Among them, Zinnia secured the most recent funding round in October, 2024.

Colonial Penn - 2026 Company Profile & Competitors

Colonial Penn is an unfunded company based in Philadelphia (United States), founded in 1968. It operates as a Guaranteed acceptance life insurance for seniors, offering simple and affordable coverage. Colonial Penn has not raised any funding yet. The company has 474 active competitors, including 10 funded and 64 that have exited. Its top competitors include companies like AIA Group, Globe Life And Accident Insurance and F&G.

Company Details

Guaranteed acceptance life insurance for seniors, offering simple and affordable coverage. They specialize in providing accessible life insurance directly to consumers. Their core offering is guaranteed acceptance whole life insurance for individuals within a specific age range, without medical exams or health questions. Coverage is offered in units, allowing customers to customize their death benefit. They focus on easing the burden of final expenses, providing peace of mind with locked-in premium rates and flexible payment options. They aim to make life insurance simple and customer service-oriented, offering online account management for policy details, claims, and payments. They provide educational resources through a blog and customer support services.

Website: colonialpenn.com
Social
Email ID: *****@cnoinc.com
Phone Number: +1 **********

Key Metrics

Founded Year

1968

Location

Philadelphia, United States

Stage

Unfunded

Ranked

87^th among 474 active competitors

Employee Count

293 as on Aug 31, 2026

Similar Companies

SBI Life Insurance & 1513 more

View Colonial Penn's full profile

Colonial Penn has not raised any funding rounds yet.

Colonial Penn's employee count trend

Colonial Penn has 293 employees as of Aug 26. Here is Colonial Penn's employee count trend over the years:

Uncover Colonial Penn's growth story! Sign up today!

Access Tracxn on any website

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

Top competitors of Colonial Penn include AIA Group, Globe Life And Accident Insurance and F&G. Here is the list of Top 10 competitors of Colonial Penn, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	AIA Group 1919, Hong Kong (China), Acquired	Life insurance company	-	Temasek, CPP Investments	67/100
2nd	Globe Life And Accident Insurance 1900, Oklahoma City (United States), Public	Life insurance company	-	-	62/100
3rd	F&G 1959, Des Moines (United States), Public	Provider of insurance services	-	CC Capital, Fidelity National Financial	61/100
4th	Brighthouse Financial 2016, Charlotte (United States), Public	Provider of life insurance services	-	-	61/100
5th	National Life 1848, Montpelier (United States), Unfunded	Life insurance carrier	-	-	58/100
6th	Symetra 1957, Bellevue (United States), Public	Insurance, annuities, and employee benefits for individuals, families, and employers	-	Vestar Capital Partners, CAI Capital Partners ... & 1 others	56/100
7th	Zinnia 2005, Greenwich (United States), Late Stage	Provider of technology platforms for life insurance and annuity products.	$300M	Vista Equity Partners, KKR	55/100
8th	Security National Financial Corporation 1965, Salt Lake City (United States), Public	Financial services leader providing life insurance, funeral services, and mortgage loans	-	-	50/100
9th	North American Company 1886, Chicago (United States), Series D	Provider of life insurance services	$106M	Capital Z Partners	49/100
10th	Kansas City Life Insurance Company 1895, Kansas City (United States), Public	Limited information available	-	-	48/100
87th	Colonial Penn 1968, Philadelphia (United States), Unfunded	Guaranteed acceptance life insurance for seniors, offering simple and affordable coverage	-	-	25/100