BBB Business Profiles are subject to change at any time. When considering complaint information, please take into account the company's size and volume of transactions, and understand that the nature of complaints and a firm's responses to them are often more important than the number of complaints.īBB Business Profiles generally cover a three-year reporting period. The bottom line is there is an incredibly large number of Colonial Penn 995 negative reviews and complaints for a company its size.
Offers policies only for those ages 40 to 75 for whole life and ages 50 to 85 (in most. Pros: History Physicians Mutual Insurance Company was founded in 1902, and in 1975 Physicians Life Insurance Company was established to offer life insurance coverage. Low maximum coverage amounts of only up to 50,000. High number of customer complaints: Colonial Penn received an average of three times the annual number of customer complaints expected for a company its size over a three-year period. Some customers say. You may be disappointed with the customer service. However, BBB does not verify the accuracy of information provided by third parties, and does not guarantee the accuracy of any information in Business Profiles. P hysicians Mutual Life Insurance Review 2023. Some people complain that it takes entirely too long to purchase a policy.
BBB asks third parties who publish complaints, reviews and/or responses on this website to affirm that the information provided is accurate. The term length you choose and your current health can also affect your rates. BBB Business Profiles may not be reproduced for sales or promotional purposes.īBB Business Profiles are provided solely to assist you in exercising your own best judgment. A 50,000 life insurance policy costs around 7.63 per month for a 36 year old female in excellent health looking at a 10 year term and 9.21 per month for a male in excellent health looking for the same coverage.
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