colonial penn life insurance rate chart by age

However, I can’t imagine a fit for life insurance by units, except maybe as a misleading marketing strategy. The different types of Life Insurance were created to better fit the specific needs of customers during different life stages. Life insurance is a very traditional financial instrument that has grown in sophistication over the years and is offered in many different types like term-life, whole-life, universal-life, renewable, variable, indexed, etc. Life Insurance Unit = Death Benefit + Risk

The undisclosed information may represent a loss of a staggering 75% or more of the death benefit value in US$ during a 30 year period when compared to another A-rated guaranteed issue life insurance company, and even more if you could qualify for a better health profile. It does not explain what a unit really is and how much coverage you can buy with $9.95 a month (by the way many think it is around $10,000). It fails to disclose that the value of a unit in US$ goes down with age and so does the benefit. Their message is conveyed by very respectable and popular figures and reinforces that the benefit never ends, premiums never go up, and with as little as $9.95 you can start protecting your family from your final expenses.Įverything is true, but what it doesn’t say makes all the difference.

Seniors all over the country are lured into believing that Colonial Penn is defending their best interest with their one-of-a-kind $9.95 a month fixed payment plan that can not turn them down due to health issues. We talk to many seniors every day, and a large number of them compare our best rates to Colonial Penn’s $9.95 a month final expense insurance. $9.95 for Final Expense Insurance might not be what you think it is, but if you are looking for the lowest cost you are in the right place.

Colonial penn life insurance rate chart by age