My friend is considering getting Colonial Penn insurance, but she already has coverage for her burial expenses. She wants to purchase Colonial Penn’s $9.95 guaranteed acceptance plan to support her niece in Poland. Is there a better alternative available?
Almost anything is a better option than Colonial Penn. Just go online and search for graded whole life or final expense coverage plans. They offer guaranteed acceptance and are much less expensive.
She already has final expense coverage. From what I’ve heard, I think she should consider getting whole life insurance. What do you think?
Final expense coverage is essentially a compact whole life policy, known by various names.