Definition: Colonial Penn Life Insurance Company (CPL) was a Pennsylvania-based life insurance company, incorporated in 1874, which had its origins as the Philadelphia National Life Insurance Company. The CPL offered a range of products including personal lines, commercial lines, and life insurance. The company's main market was Pennsylvania. However, it also operated in other states such as Maryland, New Jersey, New York, Delaware, Virginia, Illinois, Indiana, Massachusetts, Ohio, West Virginia, and Washington. In 1903, the company merged with the New England National Life Insurance Company to become the New England Life Insurance Company. The company's main focus was on commercial lines and life insurance policies. Its products included health, personal, and business lines of life insurance coverage. The company had a strong reputation for quality customer service and its policies were often considered one of the best in their category. In 1907, the company was purchased by the Philadelphia National Life Insurance Company which then became known as the Pennsylvania National Life Insurance Company (P.N.L.I.C.). The CPL offered a range of products including personal lines, commercial lines, and life insurance. The policyholders had access to various types of coverage such as health, accident, property, business, and life. The company was established in 1874 and operated in Pennsylvania from its inception until it merged with the New England National Life Insurance Company in 1903. The CPL provided a wide range of insurance products that catered to different needs. Its policies were designed to provide financial protection against various risks such as death, illness, theft, or accidents. The company's policyholders could choose from several types of coverage including health, personal, and business lines of life insurance. CPL was known for its high-quality customer service and was considered one of the best in its category. It offered competitive rates on policies and had a strong track record of quality customer service and claims handling. The company's products were designed to provide financial protection against various risks such as death, illness, theft, or accidents. Overall, the CPL provided a comprehensive range of insurance products that catered to different needs and helped individuals safeguard their future. It was one of the leading life insurance companies in Pennsylvania at the time it merged with the New England National Life Insurance Company.
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