Introduction
Hey readers,
Are you searching for reasonably priced life insurance coverage however do not know the place to start out? Colonial Penn Life Insurance coverage has bought you coated with its extremely low premiums of simply $9.95 per thirty days. On this article, we’ll dive into the small print of this insurance coverage plan, so you can also make an knowledgeable determination about whether or not it is best for you.
What’s Colonial Penn Life Insurance coverage?
Colonial Penn Life Insurance coverage is a simplified life insurance coverage coverage designed particularly for folks between the ages of fifty and 79. It provides protection quantities starting from $5,000 to $25,000, and the premiums are based mostly in your age and well being.
Advantages of Colonial Penn Life Insurance coverage
$9.95 Month-to-month Premium
The standout function of Colonial Penn Life Insurance coverage is its extremely reasonably priced premium of simply $9.95 per thirty days. This makes it a wonderful choice for people on a finances or those that could not be capable to qualify for conventional life insurance coverage insurance policies.
No Medical Examination Required
One other nice benefit of Colonial Penn Life Insurance coverage is that it would not require a medical examination. This implies you possibly can apply on-line in just some minutes and get coated rapidly with out the effort of a physician’s go to.
Assured Acceptance
Colonial Penn Life Insurance coverage provides assured acceptance for folks between the ages of fifty and 79. Which means you are authorised for protection no matter your well being historical past, so you possibly can relaxation assured that your family members will probably be protected financially.
Protection Choices
Colonial Penn Life Insurance coverage gives protection quantities starting from $5,000 to $25,000. This vary of choices lets you select the protection that most closely fits your monetary wants and circumstances.
Desk Abstract
| Function | Particulars |
|---|---|
| Premium | $9.95 per thirty days |
| Protection quantities | $5,000 to $25,000 |
| Age vary | 50 to 79 years |
| Medical examination | Not required |
| Assured acceptance | Sure |
Conclusion
In the event you’re searching for reasonably priced and easy-to-get life insurance coverage, Colonial Penn Life Insurance coverage is value contemplating. With its low premium of $9.95 per thirty days and assured acceptance, it is an incredible choice to guard your family members financially.
For extra info on Colonial Penn Life Insurance coverage, go to their web site or give them a name. And bear in mind to take a look at our different articles for extra tips about saving cash and defending your loved ones.
FAQ about Colonial Penn Life Insurance coverage $9.95 per Month
How can I get life insurance coverage for less than $9.95 per thirty days?
Colonial Penn provides a assured acceptance life insurance coverage coverage with a $9.95 month-to-month premium for candidates between 50 and 85 years outdated.
Is there a catch to the $9.95 premium?
No, the premium is mounted at $9.95 per thirty days for the lifetime of the coverage. Nevertheless, the protection quantity is proscribed to $9,950.
Who’s eligible for the $9.95 coverage?
Adults between the ages of fifty and 85 who’re US residents or everlasting residents can apply. You don’t want to take a medical examination or reply well being questions.
What’s the protection quantity?
The protection quantity for the $9.95 coverage is $9,950, which is paid to your beneficiaries upon your dying.
What are the advantages of the $9.95 coverage?
The advantages of the coverage embrace:
- No medical examination or well being questions
- Reasonably priced premiums
- Assured acceptance for eligible candidates
- Protection that may assist with closing bills
What are the drawbacks of the $9.95 coverage?
The drawbacks of the coverage embrace:
- Low protection quantity
- No money worth or dwelling advantages
- Coverage will not be adequate for all of your wants
How do I apply for the $9.95 coverage?
You’ll be able to apply for the coverage by calling Colonial Penn at 1-800-749-3761 or visiting their web site at colonialpenn.com.
Are there different life insurance coverage insurance policies out there?
Colonial Penn provides different life insurance coverage insurance policies with totally different protection quantities and premiums. You’ll be able to discover these choices by visiting their web site or chatting with a consultant.
What occurs if I modify my thoughts?
You’ve a 30-day free look interval throughout which you’ll cancel the coverage for any cause and obtain a full refund.
Can I add extra protection to the $9.95 coverage?
No, the $9.95 coverage doesn’t permit for added protection. Nevertheless, you should buy extra insurance policies from Colonial Penn to extend your protection quantity.
