Colonial Penn Sponsors AARP Foundation Housing Solution Center To Increase Awareness Of Senior Housing Issues

  Colonial Penn Sponsors AARP Foundation Housing Solution Center To Increase
                      Awareness Of Senior Housing Issues

PR Newswire

PHILADELPHIA, Feb. 7, 2013

PHILADELPHIA, Feb.7, 2013 /PRNewswire/ --Colonial Penn Life Insurance
Company today announced a new sponsorship of AARP Foundation's efforts to
increase awareness of housing issues facing at-risk Americans age 50+.

Colonial Penn, the national direct marketer of life insurance products, will
sponsor AARP Foundation's Housing Solutions Center, whose objective is to
connect age 50+ at-risk homeowners to free HUD-certified counseling, resources
and education that will help them avoid foreclosure and remain in their
homes. Information on the Center will be included in Colonial Penn's
nationwide direct mailings and television commercials, and posted on their
website.

"Since 2007, an alarming rate of older Americans have either lost their homes
or are under water," said Gerardo Monroy, President of Colonial Penn.
"Colonial Penn's market is mainly comprised of Americans over the age of 50
and the issue of affordability and accessibility of housing for these
Americans hits close to home. We're proud to be working with AARP Foundation
to bring greater understanding of the issues facing this important demographic
and to increase awareness of the resources available to help them."

The Center provides support, resources and information to determine potential
alternatives to the foreclosure process. This includes a toll-free hotline to
reach a HUD-certified counselor, advice on preparing for counselor
appointments, information on how to avoid foreclosure such as loan
modifications, and how to recognize foreclosure rescue scams. In addition,
the Center provides grants to organizations that rehabilitate homes for people
age 50+ that have fallen in disrepair and need safety improvements.

"AARP Foundation recognizes as people age, their need for safe and affordable
housing grows more critical," said Jo Ann Jenkins, AARP Foundation President.
"Yet today, approximately 13 million low-income 50+ households in America
cannot afford their housing costs and/or live in inadequate housing. The goal
of AARP Foundation's Housing Solutions Center is to address the most critical
needs of these households and provide the tools to help them stay in their
homes. We are pleased to receive support from Colonial Penn on this important
initiative."

About Colonial Penn Life Insurance Company

Colonial Penn 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 900,000 life insurance policies
and $3.2 billion of life insurance inforce, we're proud to be serving
insurance needs all across America. Visit Colonial Penn online at
http://www.ColonialPenn.com.



SOURCE Colonial Penn Life Insurance Company

Website: http://www.ColonialPenn.com
Contact: Barbara Ciesemier, Colonial Penn Life Insurance Company,
+1-312-396-7461
 
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