How Much Coverage Does Colonial Penn Life Insurance Offer for $9.95 Per Month?

Reviews
1

Hi everyone,

I have been seeing a lot of ads for Colonial Penn Life Insurance, specifically their $9.95 per month plan. It sounds quite affordable, but I am curious about what kind of coverage you get for that price. Can anyone share details on:

  1. The amount of coverage you get for $9.95 per month.
  2. How the coverage amount varies based on age, gender, or health status.
  3. Any hidden fees or additional costs associated with this plan.
  4. Personal experiences or insights from those who have this plan.

I am trying to determine if this is a good option for me or if there are better alternatives out there.

2

Colonial Penn’s $9.95 plan is a whole life assured acceptance life insurance policy, which means no medical exam is required to qualify.

3

Colonial Penn’s $9.95 plan is tempting, but be aware! It’s cheap, but you get a small payout based on age and health (younger/healthier get more). It’s not like regular life insurance - more guaranteed coverage with limits. No hidden fees, but the coverage might not be enough. Look into traditional life insurance quotes too - you might be surprised