Colonial Penn misrepresentation of policy, double dipping payments Philadelphia Pennsylvania
Colonial Penn conned an elderly woman into buying several policies and led her to believe these policies would pay out about 20K to her children to cover funeral and burial expenses. In her seventies with declining health the agent sold these policies to her knowing that there is no way this woman would live another 50 years to reach the maximum payout which would still only be about 7k. Not only did they decieve the elderly person they were double charging on at least one of the policies and from what could be found had been doing this for about 6 months.