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 Apr 30, 2026, the latest employee count at Colonial Penn is 292.

Is Colonial Penn a funded company?

Colonial Penn is a funded company, having raised a total of $***** in its 1st and only funding round.

Where does Colonial Penn rank among its competitors?

Colonial Penn ranks 152nd amongst 382 active competitors, of which 11 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, National Life and Globe Life And Accident Insurance. 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 382 active competitors, including 11 funded and 60 that have exited. Its top competitors include companies like AIA Group, National Life and Globe Life And Accident Insurance.

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

152^nd among 382 active competitors

Employee Count

292 as on Apr 30, 2026

Similar Companies

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View Colonial Penn's full profile

Colonial Penn has not raised any funding rounds yet.

Colonial Penn's employee count trend

Colonial Penn has 292 employees as of Apr 26. Here is Colonial Penn's employee count trend over the years:

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Top competitors of Colonial Penn include AIA Group, National Life and Globe Life And Accident Insurance. 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	-	CPP Investments, Temasek	68/100
2nd	National Life 1848, Montpelier (United States), Unfunded	Life insurance carrier	-	-	61/100
3rd	Globe Life And Accident Insurance 1900, Oklahoma City (United States), Public	Life insurance company	-	-	61/100
4th	Brighthouse Financial 2016, Charlotte (United States), Public	Provider of life insurance services	-	-	59/100
5th	Symetra 1957, Bellevue (United States), Public	Insurance, annuities, and employee benefits for individuals, families, and employers	-	Vestar Capital Partners, J.C. Flowers & 1 others	57/100
6th	F&G 1959, Des Moines (United States), Public	Provider of insurance services	-	Fidelity National Financial	56/100
7th	Prosperity Life Insurance Group 2004, Roanoke (United States), Acquired	Life insurance company	$6.91M	-	52/100
8th	Allsup 1984, Belleville (United States), Unfunded	SSDI representation, disability financial solutions, veterans appeals, and return to work	-	-	51/100
9th	Coventry 1982, Fort Washington (United States), Unfunded	Provider of life insurance services	-	-	50/100
10th	Zinnia 2005, Greenwich (United States), Late Stage	Provider of technology platforms for life insurance and annuity products.	$300M	Vista Equity Partners, KKR	50/100
152nd	Colonial Penn 1968, Philadelphia (United States), Unfunded	Guaranteed acceptance life insurance for seniors, offering simple and affordable coverage	-	-	25/100