Colonial Penn Life Insurance Cost
Colonial penn s guaranteed life insurance works by adjusting the benefit amount also known as coverage per unit based on your age gender and location.
Colonial penn life insurance cost - Colonial penn is a life insurance company based in pennsylvania that offers term life insurance and permanent life insurance to people 18 85. Guaranteed acceptance life insurance. Colonial penn s ads claim you won t be.
If you want more than 50 000 you will need to shop other companies that offer larger face amounts than colonial penn. Colonial penn life insurance final expense and whole life insurance for seniors when you see a colonial penn commercial three things are constant. Term coverage is guaranteed renewable up to age 90.
Each unit will always be 9 95 but how much coverage you get for 9 95 will change. They started as a life insurance company for people aged 65 and older but today they ve included a term life insurance policy for people aged 18 to 75 and a whole life policy for people aged 40 to 75. Colonial penn also does offer small policies to those with better health than requires guaranteed issue life insurance.
Your rate is based on gender and age when coverage takes effect. Policies that are 9 95 per month or start at 9 95 per month. Term rates increase as you enter a new age band.
Colonial penn founded by the co founder of aarp has been around since 1968. Flexible coverage for now while you re living or later when your family may need it most. No matter how old or young you are male or female a single unit is always 9 95.
Colonial penn life insurance cost per unit is always 9 95 for everyone. Again what will change is the amount of coverage that a unit provides. Colonial penn life insurance products.
In most states applicants ages 50 to 85 can qualify for this policy which could provide about 15 000 in coverage with no medical exam. Plus your rate will never go up. Everyone can choose to buy between 1 and 8 units.
Apply for this lifetime coverage now to lock in a premium amount that is guaranteed to never increase at a price that fits your budget. Help ease the financial burden for your loved ones with colonial penn s guaranteed acceptance life insurance. Renewable term life insurance ages 18 75 traditional term life insurance with an early payout option.
The same affordable whole life coverage shown above plus you can add the security of an early payout option.
