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Learn more: Colonial Penn Insurance review Gerber Life Coverage amounts range from $5,000 to $25,000, making it an affordable option for covering final expenses like funeral costs and medical bills.
Colonial Penn, which began as an insurance provider through AARP focused on people over 65, [1] now has a marketing campaign that is aimed at people between the age of 50 and 85, specializing in “guaranteed acceptance whole life insurance“ and to help their families cover funeral costs after the individual dies. The company's name comes ...
Colonial Penn is a private company administering Medigap, which refers to Medicare supplement insurance plans. The plans may help pay Medicare costs, such as copays and deductibles.
AARP was formed in 1958 by Ethel Percy Andrus, a retired educator from California, and Leonard Davis, who later founded Colonial Penn's insurance companies. [5] [6] It is an influential lobbying group in the United States. [7] [8] AARP sells paid memberships, and markets insurance [9] and other services to its members.
CNO Financial Group is the parent company of seven insurance companies, including Bankers Life and Casualty Company and Colonial Penn Life Insurance Company. [5] They also own 40/86 Advisors, an investment management company and Washington National Insurance Company.
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