Colonial Penn

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Colonial Penn
Life Insurance Company
Formerly called
Conseco Direct Life
(1998–2001)
Subsidiary
Industry Finance and Insurance
Founded 1968
Headquarters Philadelphia, Pennsylvania, U.S.
Key people
Alex Trebek, spokesperson
Products Insurance
Parent CNO Financial Group
(1997–present)
Website www.colonialpenn.com

Colonial Penn Life Insurance Company is a Philadelphia-based life insurance company, founded by philanthropist and AARP co-founder Leonard Davis, owned by CNO Financial Group. Colonial Penn, originally focused on people over 65 who became the origins of insurance provided through American Association of Retired Persons, now known as AARP,[1] now has a marketing campaign is aimed at people between the age of 50 and 85, specializing in guaranteed acceptance whole life insurance. Jeopardy! host Alex Trebek commonly appears as a compensated endorser for Colonial Penn in advertisements. Former endorsers include Star Search host Ed McMahon, male singer Lou Rawls, and Joe Theismann. The African-American advertiser for the program is the same person whom voices the Jack in the Box mascot.

Utility holding company FPL Group acquired Colonial Penn in 1985.[2] FPL sold Colonial Penn to Leucadia National in 1991.[3]

Conseco bought Colonial Penn from Leucadia in 1997,[4] and in 1998 it was renamed Conseco Direct Life to reflect Conseco ownership.[5] In 2001, the name was changed back to Colonial Penn, though, according to the fine print at the end of Colonial Penn commercials today, it is still Banker's Conseco Life Insurance Company for residents of The New York State.

The program's coverage advice[edit]

It's a little something the guy who voices the Jack in the Box guy has done every night since he was a kid: empty his pocket change, into some little jar. It's never much, just what's left after he breaks a dollar course, and the guy who voices the Jack in the Box never thought he would quality life insurance with spare change. Neither did his wife, until she saw a commercial for the Colonial Penn Program. Thousands of people have called in, and all their questions were answered.

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