Insurance

Colonial Penn Life Insurance Review (9.95 Per Month Plan)

See also: Top 5 Ways Insurance Companies Cheat You – Know What To Look Out For

See also: Texas Windstorm Insurance | Bankrate

Would it surprise you to learn that a single $9.95 colonial penn unit would give a 50-year-old man only $1,669 in life insurance?

Reading: How much is a unit of insurance with colonial penn

if it’s higher, you’ll get even less coverage.

and colonial penn units have a 2 year waiting period before you are insured.

don’t be fooled by their misleading ads.

colonial penn life insurance is objectively one of the worst policies you can buy.

You can get a lot more coverage for your dollar than dozens of other life insurance companies.

Not to mention many other insurance providers don’t offer waiting period coverage.

See also: Top 5 Ways Insurance Companies Cheat You – Know What To Look Out For

See also: Texas Windstorm Insurance | Bankrate

See also: Top 5 Ways Insurance Companies Cheat You – Know What To Look Out For

See also: Texas Windstorm Insurance | Bankrate

See also: Top 5 Ways Insurance Companies Cheat You – Know What To Look Out For

See also: Texas Windstorm Insurance | Bankrate

how the $9.95 colonial penn life insurance plan works

colonial penn life insurance plan for $9.95 per month is a guaranteed acceptance whole life policy with a two-year waiting period.

offers permanent coverage for life at a premium that will never increase and builds cash value.

There are no health questions or tests to determine your eligibility.

guarantee your approval regardless of any health conditions you may have.

Interestingly, they sell this coverage using a unit system. each unit provides a particular amount of life insurance.

fifteen units is the maximum amount of death benefit coverage you can purchase.

everyone pays only $9.95 monthly premium per unit of insurance.

The amount of coverage you get from each unit varies by age and gender.

Before you sign on the dotted line, consider this very important question:

How much life insurance coverage do you get for $9.95?

The short answer is not much.

The following paragraph shows precisely how much coverage a unit provides for all ages.

See also: Top 5 Ways Insurance Companies Cheat You – Know What To Look Out For

See also: Texas Windstorm Insurance | Bankrate

See also: Top 5 Ways Insurance Companies Cheat You – Know What To Look Out For

See also: Texas Windstorm Insurance | Bankrate

what is a unit?

one colonial penn unit of coverage is the amount of life insurance death benefit insureds receive at $9.95 per month.

Your age and gender determine the exact amount of insurance coverage a single unit provides.

Use the penn colonial life insurance calculator and chart below to see how much coverage you get using your unit system.

See also: Top 5 Ways Insurance Companies Cheat You – Know What To Look Out For

See also: Texas Windstorm Insurance | Bankrate

colonial penn rate chart

Choose your age and gender to see the total monthly cost and how much life insurance you’ll get per number of units.

See also: Top 5 Ways Insurance Companies Cheat You – Know What To Look Out For

See also: Texas Windstorm Insurance | Bankrate

The table below illustrates exactly how much coverage a single unit provides based on age and gender.

See also: Top 5 Ways Insurance Companies Cheat You – Know What To Look Out For

See also: Texas Windstorm Insurance | Bankrate

pros and cons of penn colonial life insurance

advantages

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