Colonial Penn Life Insurance Co Salary

How Much Does Colonial Penn Life Insurance Co Pay?BETA

As of March 2025, the average annual salary for employees at Colonial Penn Life Insurance Co in the United States is $117,273. This translates to an approximate hourly wage of $56. Salaries at Colonial Penn Life Insurance Co typically range from $103,035 to $132,865 annually, reflecting the diverse roles and experience levels within the company. Individual salaries can vary significantly based on factors such as job role, experience, education level, certifications, and more. At Colonial Penn Life Insurance Co, A Vice President, Actuary is among the highest earners, with an average salary of approximately $405,731 per year. Conversely, the lowest-paid position is Licensed Sales Agent, earning around $41,090 annually. Explore this page further for more salary and benefits information at Colonial Penn Life Insurance Co.

DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.

How Much Does Colonial Penn Life Insurance Co Pay for Different Roles?BETA

At Colonial Penn Life Insurance Co, salaries can vary significantly based on factors such as location, industry, job category, and department. Below, we provide a detailed overview of salary ranges for various roles within the company.

It's important to note that salaries for the same position may differ due to several factors, including experience, education level, training, skills, and competencies. For instance, Vice President, Actuary positions at Colonial Penn Life Insurance Co offer the highest average annual salary of $405,731, while Licensed Sales Agent roles have an average annual salary of $41,090.

JOB TITLE SALARY RANGE AVERAGE SALARY COMPANY NAME
Vice President, Actuary $343,503 - $473,307 $405,731 Colonial Penn Life Insurance Co
Director, Application Service Delivery $200,931 - $242,183 $221,884 Colonial Penn Life Insurance Co
Chief Building Engineer $184,182 - $227,680 $208,436 Colonial Penn Life Insurance Co
Assistant VP, Marketing $181,958 - $223,417 $201,686 Colonial Penn Life Insurance Co
Associate General Counsel $166,234 - $201,671 $184,519 Colonial Penn Life Insurance Co
Lead Solution Architect $148,530 - $171,321 $160,028 Colonial Penn Life Insurance Co
Manager, Strategic Planning $134,317 - $163,137 $149,560 Colonial Penn Life Insurance Co
Team Lead, Sales $122,685 - $164,042 $142,716 Colonial Penn Life Insurance Co
Sales Manager $122,685 - $164,042 $142,716 Colonial Penn Life Insurance Co
Executive Account Manager $121,870 - $159,717 $140,829 Colonial Penn Life Insurance Co
Manager, Digital Marketing $121,816 - $150,767 $137,388 Colonial Penn Life Insurance Co
Manager, Marketing Communications $120,942 - $145,811 $134,006 Colonial Penn Life Insurance Co
DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.
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Colonial Penn Life Insurance Co Overview

Website:
colonialpenn.com
Size:
200 - 500 Employees
Industry:
Insurance
Revenue:
$200M - $500M
About:
Colonial Penn Life Insurance Company specializes in offering insurance directly to consumers at affordable prices. The nationwide company, a subsidiary of CNO Financial Group, Inc. (NYSE: CNO), was a pioneer in designing insurance products to meet the needs of the mature market. With nearly 775,000 ...

Most Common Benefits for Colonial Penn Life Insurance Co

Aside from the base salary, Colonial Penn Life Insurance Co offers its employees a list of benefits. Employee benefits are an important factor in considering a position posted by the company.
Social Security
401(K)
Disability
Healthcare
Pension
Time Off (days)
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Job Openings at Colonial Penn Life Insurance Co

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Similar Company Salary

Companies in the same industry have the same employee size, company type, similar revenue are similar companies. The table below shows the salary range and average salary of Colonial Penn Life Insurance Co ’s peer companies.
New Hampshire Indemnity Company Inc Wilmington, DE $97,949 - $126,195 Company Salary Range $111,440 Average Company Salary
Builders Mutual Raleigh, NC $93,175 - $120,147 Company Salary Range $106,050 Average Company Salary
Cosvi , PR $95,722 - $123,427 Company Salary Range $108,950 Average Company Salary
The Americo Companies Kansas City, MO $94,687 - $122,085 Company Salary Range $107,769 Average Company Salary
The United States Life Insurance Company in the City of New York New York, NY $114,498 - $147,644 Company Salary Range $130,320 Average Company Salary
Panasonic Life Solutions Company of America Meadows, IL $92,927 - $119,817 Company Salary Range $105,765 Average Company Salary
htmlVariable Annuity Life Insurance Co Little Rock, AR $89,399 - $115,281 Company Salary Range $101,756 Average Company Salary
HARTFORD VARIABLE ANNUITY LIFE INSURANCE Co Richmond, VA $95,099 - $122,622 Company Salary Range $108,244 Average Company Salary
United Investors Life Insurance Co Birmingham, AL $89,784 - $115,769 Company Salary Range $102,189 Average Company Salary
See more companies

FAQs About Colonial Penn Life Insurance Co Company

1. How much does Colonial Penn Life Insurance Co in the United States pay?

Colonial Penn Life Insurance Co pays its employees an average of $117,273 per year. The average salary at Colonial Penn Life Insurance Co range from $103,035 to $132,865 per year. Vice President, Actuary jobs at Colonial Penn Life Insurance Co earn the most with an average annual salary of $405,731, while Licensed Sales Agent jobs earn the least with an average annual salary of $41,090.

2. Do Colonial Penn Life Insurance Co employees get a higher salary than other similar companies?

The salary at Colonial Penn Life Insurance Co is lesser than The United States Life Insurance Company in the City of New York. The highest salary package reported for an employee at Colonial Penn Life Insurance Co is $132,865 per year, meanwhile the highest salary package reported for an employee at The United States Life Insurance Company in the City of New York is $147,644 per year.

3. How much does Colonial Penn Life Insurance Co pay compared to The United States Life Insurance Company in the City of New York?

The average annual salary at Colonial Penn Life Insurance Co is $117,273, or an hourly wage of $56, in comparison to The United States Life Insurance Company in the City of New York which pays $130,320 per year or $63 per hour.

4. Which job skills can boost a Manager, Strategic Planning salary at Colonial Penn Life Insurance Co?

Analysis, Insight and Futures are key to a Manager, Strategic Planning job at Colonial Penn Life Insurance Co. Possessing these skills could lead to a higher salary. You can learn and develop high income skills now if you’re looking for a position at Colonial Penn Life Insurance Co.

5. What is the lowest salary at Colonial Penn Life Insurance Co?

The lowest paying job at Colonial Penn Life Insurance Co is Licensed Sales Agent with an annual salary of $41,090 or an hourly rate of $56.