Introduction
Hey readers,
Are you looking for affordable life insurance but don’t know where to start? Colonial Penn Life Insurance has got you covered with its incredibly low premiums of just $9.95 per month. In this article, we’ll dive into the details of this insurance plan, so you can make an informed decision about whether it’s right for you.
What is Colonial Penn Life Insurance?
Colonial Penn Life Insurance is a simplified life insurance policy designed specifically for people between the ages of 50 and 79. It offers coverage amounts ranging from $5,000 to $25,000, and the premiums are based on your age and health.
Benefits of Colonial Penn Life Insurance
$9.95 Monthly Premium
The standout feature of Colonial Penn Life Insurance is its incredibly affordable premium of just $9.95 per month. This makes it an excellent option for individuals on a budget or those who may not be able to qualify for traditional life insurance policies.
No Medical Exam Required
Another great advantage of Colonial Penn Life Insurance is that it doesn’t require a medical exam. This means you can apply online in just a few minutes and get covered quickly without the hassle of a doctor’s visit.
Guaranteed Acceptance
Colonial Penn Life Insurance offers guaranteed acceptance for people between the ages of 50 and 79. This means that you’re approved for coverage regardless of your health history, so you can rest assured that your loved ones will be protected financially.
Coverage Options
Colonial Penn Life Insurance provides coverage amounts ranging from $5,000 to $25,000. This range of options allows you to choose the coverage that best fits your financial needs and circumstances.
Table Summary
| Feature | Details |
|---|---|
| Premium | $9.95 per month |
| Coverage amounts | $5,000 to $25,000 |
| Age range | 50 to 79 years |
| Medical exam | Not required |
| Guaranteed acceptance | Yes |
Conclusion
If you’re looking for affordable and easy-to-get life insurance, Colonial Penn Life Insurance is worth considering. With its low premium of $9.95 per month and guaranteed acceptance, it’s a great option to protect your loved ones financially.
For more information on Colonial Penn Life Insurance, visit their website or give them a call. And remember to check out our other articles for more tips on saving money and protecting your family.
FAQ about Colonial Penn Life Insurance $9.95 per Month
How can I get life insurance for only $9.95 per month?
Colonial Penn offers a guaranteed acceptance life insurance policy with a $9.95 monthly premium for applicants between 50 and 85 years old.
Is there a catch to the $9.95 premium?
No, the premium is fixed at $9.95 per month for the life of the policy. However, the coverage amount is limited to $9,950.
Who is eligible for the $9.95 policy?
Adults between the ages of 50 and 85 who are US citizens or permanent residents can apply. You do not need to take a medical exam or answer health questions.
What is the coverage amount?
The coverage amount for the $9.95 policy is $9,950, which is paid to your beneficiaries upon your death.
What are the benefits of the $9.95 policy?
The benefits of the policy include:
- No medical exam or health questions
- Affordable premiums
- Guaranteed acceptance for eligible applicants
- Coverage that can help with final expenses
What are the drawbacks of the $9.95 policy?
The drawbacks of the policy include:
- Low coverage amount
- No cash value or living benefits
- Policy may not be sufficient for all your needs
How do I apply for the $9.95 policy?
You can apply for the policy by calling Colonial Penn at 1-800-749-3761 or visiting their website at colonialpenn.com.
Are there other life insurance policies available?
Colonial Penn offers other life insurance policies with different coverage amounts and premiums. You can explore these options by visiting their website or speaking to a representative.
What happens if I change my mind?
You have a 30-day free look period during which you can cancel the policy for any reason and receive a full refund.
Can I add additional coverage to the $9.95 policy?
No, the $9.95 policy does not allow for additional coverage. However, you can purchase additional policies from Colonial Penn to increase your coverage amount.
