Colonial Penn $9.95 Life Insurance at Life

Colonial Penn $9.95 Life Insurance. Colonial penn life insurance, the infamous $9.95 plan review. No matter how old or how old you are, male or female, a single unit is always $9.95.

The 1yr renewable term life insurance policy does not. Most commonly, through tv on a colonial penn commercial, they advertise to seniors that stay up late. This article will show a simplistic look at colonial penn’s $9.95 plan review which is a guaranteed acceptance whole life insurance policy with no medical exam and a maximum death benefit of $50,000.

Colonial Penn Life Insurance TV Commercial, 'It Is

This is because the older the applicant is, the lower the amount of coverage they can obtain. The cost of insurance goes up with age so, in order to keep a fixed premium, colonial penn’s $9.95 per unit death benefit has to go down. For example, let’s say you want to pay for funeral expenses and final medical bills, so you want coverage for $25,000. This is a confusing way to do.