Table of Contents
What does Colonial Penn give you for $9.95 a month?
You call Colonial Penn to get a quote for $15,000 in coverage and they tell you they can't do that– you have to buy units. For a 68 year-old-male, 1 unit at $9.95 a month qualifies you for a total of $792 in life insurance coverage. Yes, $792 per $9.95 each month for one unit.
Colonial Penn???? $9.95 what a JOKE
How much coverage does the 9.95 plan give you?
With this plan, you can receive a coverage maximum of $50,000, and it is available to anyone between the ages of 18 and 75.
Who is Jonathan from the 9.95 plan?
The current actor in the Colonial Penn commercials is Johnathan Lawson. He goes over Guaranteed Acceptance plans and what Colonial Penn can offer their customers. To learn more about Johnathan Lawson, who he is, and Colonial Penn's 995 plan keep reading.
How much coverage do you get with a 995 plan?
With this plan, you can receive a coverage maximum of $50,000, and it is available to anyone between the ages of 18 and 75.
What is a unit with Colonial Penn?
A unit of Colonial Penn coverage corresponds to the life insurance death benefit amount the policyholders receive for $9.95 per month. Your age and gender determine the exact amount of insurance coverage a single unit provides.
2022 Colonial Penn Life Insurance Review ($9.95 Plan)
What does 9.95 a month get from Colonial Penn?
You call Colonial Penn to get a quote for $15,000 in coverage and they tell you they can't do that– you have to buy units. For a 68 year-old-male, 1 unit at $9.95 a month qualifies you for a total of $792 in life insurance coverage. Yes, $792 per $9.95 each month for one unit.
What is the 9.95 a month plan?
The Colonial Penn life insurance plan for $9.95 per month is a guaranteed acceptance whole life policy with a waiting period of two years. It offers permanent lifelong coverage with a premium that will never increase and builds cash value. There are no health questions or exams to determine your eligibility.
Where is Jonathan from Colonial Penn from?
Jonathan Lawson was born June 3rd 1980 in Dunedin, Florida. He graduated high school in 1998 and spent the following 14 years as an infantryman in the Marine Corps where he not only served in combat, but also was a Master Instructor at the Marine Corps University.
What does $9.95 a month get you with Colonial Penn?
You call Colonial Penn to get a quote for $15,000 in coverage and they tell you they can't do that– you have to buy units. For a 68 year-old-male, 1 unit at $9.95 a month qualifies you for a total of $792 in life insurance coverage. Yes, $792 per $9.95 each month for one unit.
Colonial Penn Life Insurance Company- Coverage
Does Colonial Penn pay out?
The minimum value of a unit of coverage is approximately $400 and the maximum is approximately $2,100, meaning the maximum death benefit you can select is around $16,800. For example, say one unit of coverage provides a $1,621 death benefit for a 60-year-old woman.
What is the payout for Colonial Penn 995 plan?
With this plan, you can receive a coverage maximum of $50,000, and it is available to anyone between the ages of 18 and 75.
What is the max payout for life insurance?
Also, the insurance company guarantees the proceeds in the account, even if the balance exceeds the $250,000 limit set forth by the FDIC. Annuity: Also known as a life income payout, this grants beneficiaries guaranteed payments as long as they're alive.