Remember to make your required payments on time. Still, you will have to answer a few health questions to determine your eligibility for this policy.
Unlike other insurance companies that offer whole life policies, Colonial Penn will not require you to take a medical exam. This whole life insurance policy can build cash value when it is active. Your coverage options begin at $50,000 with this policy. If you are between the ages of 40 and 75, you are eligible to apply for Colonial Penn’s whole life insurance policy. When shopping for insurance, request quotes from multiple companies so you can compare rates and coverage options. So while this policy could be available at a low rate, this number could fluctuate from person to person. Your Colonial Penn guaranteed acceptance life insurance policy will also build cash value after being active for one year.Ĭolonial Penn advertises that the rates for such a policy start at $9.95, but the company does not say it will be $9.95 for applicants across the board. You will not have to undergo a medical exam or answer any questions about your health when applying, making this type of policy a great choice for seniors or individuals with health concerns. You must be between 50 and 85 years old if you would like to apply for Colonial Penn’s most popular policy, the guaranteed acceptance life insurance policy. These plans have unique features, so let’s take a detailed look at each policy to determine which one best fits your specific insurance needs. You may be interested in doing business with Colonial Penn if you’ve seen commercials for the Colonial Penn $9.95 plan, but this insurance company actually offers a variety of different plans, which include: What life insurance coverage does Colonial Penn provide? You can call 1-80 or use the company’s live chat tool to speak to a company representative if you have questions about a Colonial Penn policy. Colonial Penn makes shopping for life insurance easy as you can request a quote from the company website. Now a subsidiary of the CNO Financial Group, the Colonial Penna Life Insurance company was founded by AARP co-founder Leonard Davis in 1968.Īlong with life insurance, like the Colonial Penn $9.95 plan, this insurance company also offers supplemental health insurance products. If you are interested in companies that provide life insurance for seniors, Colonial Penn may be a good fit for you. What is the Colonial Penn Life Insurance Company?
Keep reading this Colonial Penn Life Insurance $9.95 plan review to learn more about the company and the entire range of life insurance products it has to offer you. Thankfully, Colonial Penn’s $9.95 plan reviews like this one can help you narrow the playing field to discover which insurance product is the best fit for your coverage needs. Unfortunately, if you are shopping for no exam life insurance, it is easy to become overwhelmed by all of the choices on today’s market.
An effective financial tool, life insurance allows you to leave behind financial support for your loved ones after you die.
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