What does Colonial Penn give you for $9.95 a month?
What does Colonial Penn give you for $9.95 a month?
In its TV ads, Colonial Penn advertises life insurance coverage starting at $9.95 per month for its Guaranteed Acceptance Plan. While the policy doesn’t require a medical exam, it only offers limited benefits for the first two years. Dec 31, 2021
How much coverage do you get with Colonial Penn 995 life insurance?
Get a Maximum of $50,000 With the Renewable Term Life At Colonial Penn, this option is the only option for those aged 40 and under. With this plan, you can receive a coverage maximum of $50,000, and it is available to anyone between the ages of 18 and 75.
What is a 995 Colonial Penn plan?
Colonial Penn 995 plan (guaranteed acceptance) The Colonial Penn life insurance for $9.95 per month is a guaranteed acceptance whole life policy with a 2-year waiting period. Everyone pays $9.95 per unit (max of 12 units). How much coverage you get for $9.95 depends on age and gender. There are no health questions. Dec 7, 2021
How much is each unit of Colonial Penn Life Insurance?
$9.95 per month Colonial Penn life insurance rates per unit costs $9.95 per month. As you can see from the table, the Colonial Penn $9.95 per month life insurance rate remains the same, but it is important to know that you stand to gain more coverage the younger you are.
How much is a unit of life insurance?
How much one unit of coverage costs may differ from one provider to another. While most insurers typically deal in units of $1,000, it’s common to see units worth $5,000 or $10,000. Dec 28, 2021
Does Jonathan really work for Colonial Penn?
Jonathan Lawson served in the Marine Corps and earned his college degree while working full time at Colonial Penn. Now, Colonial Penn customers who have benefited from Mr. Lawson’s advice over the years say thank you to him, and thank you to Colonial Penn. May 18, 2020
What is the difference between whole life and term life insurance?
Term life insurance provides coverage for a set period of time, typically between 10 and 30 years, and is a simple and affordable option for many families. Whole life insurance lasts your entire lifetime and also comes with a cash value component that grows over time.
Who is Jonathan from Colonial Penn?
Jonathan Lawson Since 2018, Colonial Penn sales manager Jonathan Lawson has appeared as a pitchman in the commercials while Trebek was unavailable at times due to health issues.
Who is Jonathan Lawson from Colonial Penn?
Jonathan Lawson was born June 3rd 1980 in Dunedin, Florida. He graduated high school in 1998 and spent the following 14 years as an infantryman in the Marine Corps where he not only served in combat, but also was a Master Instructor at the Marine Corps University.
Does AARP offer whole life insurance?
AARP life insurance policies The AARP program features permanent and term life insurance with simplified underwriting, which means applicants answer health questions but do not have to undergo a medical exam to qualify. The program also offers whole life insurance with guaranteed acceptance for everyone. Dec 21, 2021
Do whole life policies increase in value?
Whole life insurance works as a permanent policy that builds cash value over time. As long as the premiums are current, the policy remains active for the entire life of the policyholder, and beneficiaries will receive a set death benefit upon the insured’s death. Mar 17, 2022
Can I get life insurance on my parents?
Can I Buy Life Insurance for My Parents? Yes, you can buy life insurance for your parents, or any other consenting adult. This policy can be used to cover things like final expenses, medical bills, or even estate taxes after they pass.
How do I cancel my Colonial Penn life insurance Policy?
Cancellation Policy To cancel your policy, contact Colonial Penn’s customer service team by calling 800-523-9100. With Colonial Penn, you have 30 days to cancel your policy after enrolling.
What is whole life insurance policy mean?
Whole life insurance is a type of permanent life insurance, which means the insured person is covered for the duration of their life as long as premiums are paid on time.
How do I contact Colonial Penn?
For Customer Support, Call 1-800-523-9100 8:30 AM to 5:30 PM (ET), Monday-Friday.
