Definition: Colonial Penn Insurance Companies is a type of insurance company that operates in Pennsylvania, United States. They are part of the large Colonial Life Corporation which owns and operates more than 400 different insurance companies. The term "colonial penn life insurance companies" refers to the specific insurance company that operates in Pennsylvania, United States. This particular insurance company is known for providing a range of coverage options including health, disability, accident, and property damage protection. The company offers competitive rates and discounts to customers who choose their policy package. Colonial Penn Insurance Companies was established by the Colonial Life Corporation in 1890 and has been continuously operating since then. They are headquartered in Philadelphia, Pennsylvania, with offices around the United States and Canada. Colonial Penn Insurance Companies is known for offering affordable coverage options that cater to different insurance needs of individuals and families. The company's policies cover a wide range of topics including health, disability, accident, property damage, and more. Customers can choose from a variety of plans based on their specific needs and financial status.