---
title: Life Insurance Company Reviews: Colonial Penn, Globe Life and More
url: https://coverfolk.com/reviews
updated: 2026-10-08
---

# Life insurance company reviews

Facts on the companies you see on TV and in the mail: what they sell, how the waiting periods work, and their financial strength rating. Coverfolk is not paid by any of them.

[**Colonial Penn review**Colonial Penn Life Insurance Company sells whole life insurance by mail, phone and online, best known for its guaranteed acceptance plan that starts at $9.95 a month. The plan has no health questions, but it pays a limited benefit if you die in the first two years.](/reviews/colonial-penn)[**Globe Life review**Globe Life sells term, whole life and children's life insurance by mail and online, with no medical exam. Its adult term offer lets you pay $1 for the first month, then normal rates start.](/reviews/globe-life)[**Mutual of Omaha review**Mutual of Omaha sells final expense, guaranteed whole life and term life insurance through United of Omaha Life Insurance Company. Its Living Promise plan asks a few health questions, while its Guaranteed Whole Life plan asks none but pays a reduced benefit in the first 2 years.](/reviews/mutual-of-omaha)[**AARP Life Insurance from New York Life review**The AARP Life Insurance Program is group life insurance for AARP members, issued by New York Life Insurance Company. It offers term, permanent and guaranteed acceptance coverage with no medical exam.](/reviews/aarp-new-york-life)[**Gerber Life review**Gerber Life Insurance Company is part of Western and Southern Financial Group and is best known for the Grow Up Plan, a whole life policy for children. It also sells guaranteed life insurance for seniors, adult whole life, and term life through its sister company.](/reviews/gerber-life)[**Transamerica review**Transamerica Life Insurance Company sells final expense whole life and term life, mostly through agents. Its final expense line includes plans with full coverage from day one and a simpler plan with a limited benefit in the first 2 years.](/reviews/transamerica)

## Questions about life insurance companies

How do I know if a life insurance company is good?

Check its financial strength rating from AM Best and its complaint record at the NAIC. Both are free to look up.

Are TV life insurance plans a good deal?

Some are fine, but many cost more for the same coverage. Compare a few quotes before you buy.

Can I cancel a policy I already bought?

Yes. You can stop paying any time. In the free look period you get a full refund.