Truth About Colonial Penn 995 Plan Life Insurance In 2023. Is the Colonial Penn 9.95 plan a permanent policy? Derrick Rose of the Chicago Bulls works against Ty Lawson of the Denver Nuggets during a preseason game at the United Center on October 25, 2013 in. Did you see the little * that was included in our comparison above? (Dallas, TX Area), Office HoursMonday-Friday9:00 AM-5:00 PM CTL, Privacy Policy Term life insurance provides coverage for a set period of time, typically between 10 and 30 years, and is a simple and affordable option for many families. Since you can only purchase up to 8 units, your maximum monthly premium will be $79.60 [8 units x $9.95 per month]. But once you investigate a Colonial Penn life insurance rate chart, you quickly see how expensive they truly are. Name(s): Colonial Penn Life Insurance Company;CNO Financial Group, Inc, Address:399 Market StreetPhiladelphia PA, 19106, Ratings: A.M. Best (A-), Standard & Poors (BBB+), Fitch (BBB+) Comdex (N/A). In this review, we will go over Colonial Penn two year wait to understand more about the companys guaranteed acceptance product and you can see if its right for you. This can sound like a lot of positives but heres the thing, a $9.95 per unit is much more expensive than other life insurance plans with better companies. However, youre probably paying more for less coverage. Jeff is a best-selling Amazon author and the managing partner of a highly successful insurance brokerage that manages over 2,500 licensed insurance agents across the USA. We also recommend these top 3 companies: If you have any questions about Colonial Penn or any other company, please contact us. Does Jonathan Lawson really work for Colonial Penn? For example, say one unit of coverage provides a $1,621 death benefit for a 60-year-old woman. The easiest way to determine if the $9.95 plan is worth it is to compare to its competition. Based on what you can find online he has a net worth of $15-$17 million dollars. While working at Colonial Penn, he earned his degree. Jonathan also works for CNO Financial Group as a Director of Quality . " Colonial Penn Coverage options start at $9.95 a month, less than 35 cents a day, and the rate is locked in for life! By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. Without us, the insurance companies would not have a customer. What exactly is a unit anyway? We will assist you in securing the coverage you need at a rate you can afford. The rate for Colonial Penns life insurance policies is $9.95 per unit; the maximum unit you can buy is eight. In the chart below, you will see the amount of coverage, by age for a single $9.95 unit. This isnt unique to Colonial Penn. This means there are no health questions or medical exams to qualify. A unit of Colonial Penn life insurance is $9.95 and offers maximum coverage of $16,664 (but this will be extremely expensive as you have to add up multiple units to get that much coverage). how long does arby's sauce packets last; calgary airport departures map; Comercial. Thats a pretty bizarre number. Do Colonial Penn whole life policies increase in value? Colonial Penn Life Insurance Rate Charts By Age & Gender. Can I get life insurance from Colonial Penn if Im not a U.S. citizen? Do I get money back if I cancel my Colonial Penn life insurance? the suspect loads his weapon and shoots the man at point-blank range. They only offer two-year waiting periods on all of their policies, which is one of the longest wait times in the industry. If you were to match Colonial Penn 995 Plan rates to the top insurance carriers, you will be shocked at the difference in money. There are no medical exams and every applicant pays the same rates regardless of age, gender, or pre-existing conditions. You can only receive a refund on premiums paid if you cancel your policy within the first 30 days. The Colonial Penn 9.95 plan has several advertised benefits (which are not great benefits if you want a 1st-day coverage plan with the lowest pricing): Compare Quotes From Top Life Insurance Companies, Mailing AddressPO Box 270179Flower Mound, TX 75027 Still, thinking about purchasing the 995 plan? She started her career in 2016 as a telesales manager and later became a customer service manager. As can probably tell from this review, we arent the biggest fans of the Colonial Penn life insurance company. . You just have to read the fine print. Be sure to read our other articles on life insurance brands that are BAD here:Open Care Final Expense Plans, AARP, Globe, AAA, Trustage, National Family, American Senior, Ethos, Life Insurance Savings Group, Lincoln Heritage. Colonial Penn has been around since 1968. Jeff Root is a nationally licensed life insurance expert with over 15 years of experience. Join our team to enjoy . Colonial Penn designed their guaranteed acceptance plan so they are insulated from the inherent risk of insuring those people from deaths door. Jonathan Lawson served in the Marine Corps and earned his college degree while working full time at Colonial Penn. You flip to a channel and find yourself watching a Colonial Penn 995 plan commercial with paid spokesman Jonathan Lawson. What insurance did Alex Trebek advertise on? However, Colonial Penn's $9.95 plan comes with a two-year waiting period. Customer Service Manager @ Colonial Penn Life Insurance; Telesales Manager @ Colonial Penn Life Insurance; Education. All guaranteed issue policies have a graded benefit. Permanent life insurance is a type of life insurance policy that doesn't expire as long as you continue to pay the premiums. By pressing "See Quotes Now" you agree to our privacy policy and consent to have a Choice Mutual agent contact you by email, phone call, text/SMS message at the phone number and email you provide. We suggest products based on the needs and desires of the applicant. Aetna Senior Products offers a final expense policy that has no waiting period, is cheaper than Colonial Penn and accepts applicants older than 85. Reddit and its partners use cookies and similar technologies to provide you with a better experience. North American senior Benifits??? Common health conditions still eligible for no waiting period coverage: Common conditions still eligible for no waiting period coverage: Consumer feedback from third-party websites like Facebook, Yelp, and Trustpilot, Up-to-date complaint score from the National Association of Insurance Commissioners, Accuracy and trustworthiness of marketing, Number of policy types, including no-exam options. " Colonial Penn Coverage options start at $9.95 a month, less than 35 cents a day, and the rate is locked in for life! Colonial Life is not a scam, insurance MLM, or pyramid scheme. Well, your monthly premium is obvious but how much coverage does Colonial Penn life insurance $9.95 per month get you? Colonial Penn offers shoppers a renewable term policy. Over the years, Colonial Penn has focused on selling life insurance that is specifically designed for seniors and older customers. Larson died on morning of January 25, 1996, of an aortic aneurysm. You wont get any pushy sales techniques just a dedicated licensed independent agent who will help you fro start to finish. It doesnt have a medical exam and asks no health questions. If you want to provide your family with financial security when you How does a professional indemnity claim work? Its an odd way to price final expense life insurance. We specialize in 1st-day coverage insurance providers for our clients. It bums me out seeing Colonial Penn commercials now, since Alex Trebek was a pitchman for them for a long time, and is no longer, obviously. It's permanent life insurance with a premium that will never increase and builds cash value. It is a whole life policy that will stay in effect until you die, as long as premiums are paid on time. You won't be denied for pre-existing conditions and everyone pays $9.95 per unit of coverage. Colonial Penn Life Insurance Company Reviews, Add a header to begin generating the table of contents. The Colonial Penn life insurance plan for $9.95 per month is a guaranteed acceptance whole life insurance policy with a waiting period of two years. This is true of all other companies we work with at Funeral Funds. The Colonial Penn 9.95 plan is not a term policy. He worked as the Customer Service Manager at the life insurance company. These complaints are mainly issues from beneficiaries that have not received death benefits or, waiting an extended amount of time to receive payments. Keep reading or use our easy table of contents below and jump right to the topics youre searching for. One unit of Colonial Penn Life Insurance is $9.95, regardless of your age and gender. If you are healthy, dont be fooled by the price that is being offered. Once youve filled out the calculator, one of our licensed agents will provide you all your options and plan out who will provide you the best rate based on your specific health and goals. A unit costs $9.95 for everyone, and the maximum you can buy is 8 units. Jonathan Lawson served in the Marine Corps and earned his college degree while working full time at Colonial Penn. First of all Colonial Penn is a gimmick not worth buying for any senior period. How long is the grace period for health insurance policies with monthly due premiums? What is Colonial Penn guaranteed acceptance program? If you die in the first two years, Colonial Penn will only refund your premiums plus a small amount of interest. Below youll see a Colonial Penn life insurance rate chart. If youre just looking for an instant quote to compare rates simply click on our free life insurance calculator. Take advantage of a position that provides stable hours, a great work/life balance, and flex day offerings! victim of crime, or vehicular accident during the first two years, Colonial The accident must occur while coverage For example, a 75-year-old female gets only $762 of life insurance per unit. Jonathan Lawson is a Colonial Penn Sales Manager. What percentage of your income should you spend on life insurance? Currently, Jonathan Lawson works as a Director, Escalations & Quality Assurance at Colonial Penn Life Insurance. The bottom line is there is an incredibly large number of Colonial Penn 995 negative reviews and complaints for a company its size. What will be the surrender value of LIC policy after 5 years? All Rights Reserved. What is the value of a unit of Colonial Penn insurance? The unit system for the guaranteed acceptance plan is confusing; thats why the rates look appealing, but the practice is considered deceptive by many consumers. However, you need to keep in mind the terms and also the fine print associated with the Colonial Penn 995 plan. Penn would pay the full death benefit. Compare quotes from top insurance carriers, Jonathan Lawson Colonial Penn Life Insurance not Worth it, Better Options than Jonathan Lawson Colonial Penn. That unit is $717 of coverage. What Is The 995 Plan? 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 . Well help you find the best company you can qualify for. This comes with a catch. For death from accidental causes such as slip and fall, a You need to be aware: Colonial Penns term rates will increase in time when your life insurance policy renews when youre older. Based on his Linkedin, it seems like he moved on from his well-known acting career with Colonial Penn. The maximum face amount for their whole life policy is $50,000. Colonial Penns guaranteed issue life insurance offers coverage that cant be canceled after you turn 80. Any of the following insurance companies may underwrite insurance available through Choice Mutual insurance agency: AIG, American Amicable, Continental Life Insurance Company (Aetna), Accendo Life Insurance Company (Aetna), American Home Life, Americo, Baltimore Life, Columbian Financial Group, Foresters Financial, Gerber Life, Great Western, Guarantee Trust Life, Liberty Bankers Life, Nationwide, Mutual of Omaha (United of Omaha), Prosperity Life Group, Royal Neighbors of America, or Transamerica. Since the price per unit is fixed, the amount of coverage available per unit decreases as you grow older. the two were in a fight just moments before, the suspect faces first-degree murder charges. Rates stay stable until 65 and after that, they fall by 75%. The Colonial Penn guaranteed acceptance plan is a whole life policy with no health questions. As an independent insurance agency, Choice Mutual gets paid a commission from our insurance partners every time we sell a policy. With Fidelity Life, you can qualify for RAPIDecision Life up to age 65, with coverage amounts of up to $1 million. Finally, you must be 50-85 to apply, and 15 is the maximum number of units you can buy. Under no circumstances will Choice Mutual share or sell your information with a third party without your consent. But dont only take it from us, just see what people have said about the Colonial Penn 995 plan coverage on Yelp. David has been featured as an expert source for highly authoritative publications such as A.M. Best and Insurancenewsnet. After all, Jonathan Lawson (the actor in their ads) proclaims loud and proud that it costs just $9.95. It will remain for life unless you cancel it or stop paying your premium. Yes, Jonathan Lawson is a real person. Life insurance companies are really scuzzy, but . Our mission is to provide credible content written and fact-checked by verifiable experts to educate consumers like yourself. Not all life insurance providers provide a return of premium at 10% interest. All new policies must wait two years before they are eligible for payouts. Colonial Penn will not pay a death benefit if you die from a natural cause during the first two years. San Mateo, California, U.S. AARP life insurance rates Costs average $156 per month for $100,000 in coverage, depending on factors like your age and health. Life Insurance Blog is committed to getting you the life insurance coverage you need and make you feel great about it! Well, remember, if you are 70 years old, one unit costs $9.95. Suppose death from natural death occurs during the first two years of the policy. The minimum value per unit is $418, and the maximum is $2,083. Colonial Penn was a pioneer in designing insurance products to meet the needs of the mature market, and in 1968 became one of the first insurers to offer a Guaranteed Acceptance Life Insurance . For this reason, some people feel like Colonial Penn has scammed them. For example, say one unit of coverage provides a $1,621 death benefit for a 60-year-old woman. The information on this website is being provided for informational or educational purposes only. Yes he is the new actor for the Colonial Penn commercials promoting their 995 plan guaranteed acceptance life insurance that is marketed as burial insurance. If you die during the waiting period, Colonial Penn will only refund your premiums plus a small amount of interest. Its all in Colonial Penns fine print, however it seems a bit misleading to the typical life insurance shopper. back to you. This restriction is even printed on the commercials but may never have been discussed fully. The rates displayed are based on information provided by the insurance companies. 40% of employees would recommend working at Colonial Penn Life Insurance to a friend and 36% have a positive outlook for the business. Premiums increase over time in 5-year age brackets up to age 80. LIB has helped thousands of shoppers understand life insurance and secure affordable coverage. That way we can understand your situation before we can help you. It's one of the more well-known insurance providers and has a large network of providers at its disposal, as well as training tools for its employees. What they arent sharing with you is whats in the fine print. Natural causes of death are diseases that include heart attack, stroke, diabetes, or cancer. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Yes, the Colonial Penn 995 life insurance is a real plan. Dennis Haysbert. Premium is guaranteed to never increase for life as long as you keep paying it on time. And this makes sense when you look at Colonial Penns perspective because they never require a medical exam or health questions to qualify. Another example of what Colonial Penn hides in their fine print of the Alex Trebek commercial. In this commercial, the latest Colonial Penn actor, Jonathan Lawson, makes the pitch. How did we get that price? If youve seen Colonial Penns commercials then you may have gotten excited when Alex Trebek mentioned their Rate Lock. But life insurance rates can vary dramatically among applicants, insurers and policy types. Telesales agents are awarded a full benefits package, in a flexible, work-from-home environment. Privacy Policy. These policies offer no medical exam and generally accept all applicants regardless of status. Licensed Agent | CEO @ Funeral Funds of America, Verified | View Our Editorial Guidelines. What happens if I stop paying premiums to my Colonial Penn plan? More than likely its so they can use their creative marketing strategy of offering you life insurance for $9.95 per month. But, those who simply pick up the phone and call will be relieved and glad they did. The name Jonathan Lawson has a bit of a ring to it. He has worked with Colonial Penn for over 15 years helping seniors to get life insurance. Anthony Martin is a nationally licensed insurance expert with over ten years of experience and has personally served over 7000 clients with their life insurance needs. Jonathan Lawson first started working at Colonial Penn in 2014. Sure, its better to have a life insurance plan from Colonial Penn than not having coverage at all. Were always happy to offer our guidance. Here are three insurance providers that give you much more bang for your buck. Take advantage of a position that provides stable hours, a great work/life balance, and flex day offerings! You must consider how much coverage you get per unit, which is determined by your gender and exact age. Can someone be denied homeowners insurance? His birthplace is Dunedin, Florida, United States. Also, Transamerica costs far less than Alex Trebeks life insurance. Colonial Penn has a 2 year waiting period on their policy. What is the maximum coverage I can get with Colonial Penn 9.95? A unit of coverage from Colonial Penn varies based on your age and gender. Colonial Penn Life Insurance is just $9.95, thats a no-brainer! We'll make sure you get the best one based on what you'll qualify for. A guaranteed acceptance life insurance from Colonial Penn can be purchased between the ages of 50 and 85, and the death benefit is limited for the first 24 months of coverage. Most seniors dont know there are other plans available that they will qualify for day-1 coverage, and with lower pricing from other companies. Remember, you can purchase a max of 12 units. Transamerica offers no waiting period funeral insurance to applicants with high-risk medical conditions such as COPD, kidney disease, and lupus to name a few. Colonial Penn guaranteed acceptance program 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. That is a critical factor to consider when weighing the. Every burial insurance company offering guaranteed acceptance life insurance has this limited or graded benefit period for people with serious pre-existing conditions. Facebook gives people the power to share and makes the world more open and connected. This is based on data provided by Quotacy for a 40-year-old buying a 20-year, $500,000 term life policy, which is the most common term length and amount sold. He also runs one of the largest Youtube channels to help aspiring insurance agents serve their clients better. The maximum death benefit available for 8 units is only $16,664. Each unit costs $9.95 per month, regardless of your age or gender. Jonathan Lawson's mission. Each unit offers a set amount of . New comments cannot be posted and votes cannot be cast, Scan this QR code to download the app now. Once again, we used a 65 year old a male from Florida for our example. Published. Colonial Penn term life face amounts go up to $50,000. Will Colonial Penn or some other company like Aetna, Americo or Cigna Life get you the best deal? They very likely could be your best option. This is where we really begin working to figure out exactly which company will get you the best rate, and how to make it happen. If you pass the health questions, $50,000 in whole life insurance is the most coverage Colonial Penn offers. A unit of coverage with Colonial Penn costs only $9.95. Well even cover how their life insurance policies work as well as the pros and cons with our complete Colonial Penn Life Insurance Company Reviews! With a life insurance company, you can buy that amount of coverage. Like Colonial Penn 995Plan, these companies offer: Unlike Colonial Penn 995 Plan, these companies also offer: Colonial Penn is a large, well-known company, but you need to read the fine print in these commercials. All company names and products are the registered trademarks of their original owners and Funeral Funds of America declares no affiliation, sponsorship, nor any partnerships with any registered trademarks unless otherwise stated.. seniors. No portion of funeralfunds.com may be copied, published, distributed, or used in any manner for any purpose without prior written authorization of Funeral Funds of America (Funeral Funds) or www.funeralfunds.com. Your policy does not cost more because we helped you, and our advisory services cost you nothing. All guaranteed acceptance plans with no health questions will be subject to the insurers defined waiting period before benefits become payable under the policy provisions. This is the complete opposite way of how almost every life insurance company determines their rate. Is equipment floater the same as inland marine? Does Jonathan Lawson really work for . How much are Colonial Penns life insurance rates? The amount of coverage you get with that one unit depends on your age and gender. What he is promoting is a guaranteed issue life insurance policy that charges $9.95 per unit of insurance. Thats what you might be thinking, but there might be something misleading about the well-known $9.95 policy from Colonial Penn 995 Plan. Well, Jonathan Lawson wont tell you in the commercial, but we will! They absolutely do offer it, but as you can see its not a good deal. We think Colonial Penn is unlikely to be the best option for you when it comes to senior life insurance. He has personally helped over 3000 clients with their life insurance needs. But since his passing, the actor Jonathan Lawson took his spot on the well-known TV commercials for Colonial Penn. Lets take a look at their rates. If you are interested in purchasing life insurance from . You can look at Colonial Penn life insurance reviews on BBB (Better Business Bureau) and many other sites. If you are wondering who Jonathan Lawson Colonial Penn is you are in the perfect place. Now, Colonial Penn customers who have benefited from Mr. Lawson's advice over the years say thank you to him, and thank you to Colonial Penn. Is the Colonial Penn 9.95 plan a term policy? Use the calculator on this page or click the link above to visit our instant quotes page. Many people can qualify for a policy that asks health questions with some company. . Those marketing costs get passed down to the consumer. He immediately began work in 2014 as a producer and a director for his first film titled 'Hellbilly Spitfire.' . Is the Colonial Penn 9.95 plan a whole life policy? This gives you real customer insight and experience. The rate is the same until canceled or the insured passes away. Immediate protection for Accidental Death. What varies is how much coverage you get from a unit. We will match you up with the best burial insurance company that gives the best rate. He served in the MArine Corps early on and then went to work for Colonial Penn full time. Colonial Penns two-year wait will not pay out a death benefit if you die from natural causes within the first two years of the policy. Yes, Colonial Penn whole life policies increase in value. For instance, most companies will simply provide consumers a simple choice of $10,000 or $25,000 for their maximum coverage amount. This plan also has a 2-year waiting period. You must be between the ages of 18 and 75 with the option to renew up to age 90. Colonial Penn Life Insurance has an overall rating of 3.2 out of 5, based on over 93 reviews left anonymously by employees. Colonial Penns guaranteed issue whole life insurance policy is available for ages 50 to 85. That was included due to Colonial Penns confusing system of using Units.. For example, for a 50-year-old woman, 8 units of coverage would provide a $16,664 death benefit. Information appearing on this site is for educational purposes. Jonathan Lawson served in the Marine Corps and earned his college degree while working full time at Colonial Penn. Cookie Notice As the ad finishes up, you notice that for just $9.95 per month (less than 35 cents/day! Does Jonathan really work at Colonial Penn? If you choose to pay annually, you will get one months worth of premium or an 8.3% discount for the year. This means that it will stay in effect until you die, as long as premiums are paid on time. Copyright 2023 Funeral Funds & Funeral Funds of America All Rights Reserved. The scoring formula takes into account consumer experience, financial strength ratings and complaint data. Paying celebrities like Ed McMahon and Alex Trebek to be your spokesman isnt cheap. How long has Colonial Penn Life Insurance been around? The Colonial Penn $9.95 policy is a guaranteed acceptance life insurance policy with a monthly cost of $9.95 PER UNIT of coverage (often only between $400-$1,000 depending on your age). As a paid spokesperson for Colonial Penn life insurance, Jonathan Lawson talks about the company's Guaranteed Acceptance plans. Conforming to monthly income, Jonathan Lawson Net Worth is calculated as $15 million Approx. Utah) of the accident. The average cost of life insurance is $27 a month. Unfortunately, its another way of saying that the policy has a waiting period before the entire death benefit is available. Telesales agents are awarded a full benefits package, in a flexible, work-from-home environment. How much is a unit of Colonial Penn life insurance? Explore Careers in Tampa, FL. Make sure you get help from an independent life insurance agent like us at Life Insurance Blog. For a limited time Colonial Penn offers free gifts to customers. In fact some companies have 3 years or more. A list of the top final expense insurance companies in the nation and which popular companies to avoid. Colonial Penn sells their coverage by the unit. University of Phoenix TV Commercial Featuring Larry Fitzgerald. It outlines precisely how much life insurance you get from a single $9.95 unit based on your age and gender. But since his passing, the actor Jonathan Lawson took his spot on the well known TV commercials for Colonial Penn. Is Colonial life and Colonial Penn the same company? Anthony has been consulted as an expert life insurance source for dozens of high-profile websites such as Forbes, Bankrate, Reuters, Fox Business, CNBC, Investopedia, Insurance.com, Yahoo Finance, and many more. In fact it is how all whole life insurance policies work. There are no health questions or exams to determine your eligibility (approval is guaranteed). Fill out our quote form on this page or call us at (888) 862-9456, and we can give you an accurate burial insurance quote. At Final Expense Benefits, we work with the top insurance carriers and can usually find you a plan with a cheaper monthly rate that pays a larger death benefit. Its important to note that after the two years limited benefit period, Colonial Penn guaranteed acceptance life insurance policy is active. You need to be aware: Colonial Penn's term rates will increase in time when your life insurance policy renews when you're older. Can I stay on my parents insurance if I file taxes independently? With Colonial Penn, $9.95 a month would actually cost you about $138 per month. We do earn a commission from the sale of insurance products seen on this website. Your age and gender determine how much you pay each month. This is a good indication that the insurance is not just $9.95 per month. You pay $9.95 per unit and you can buy up to 12 units. A limited benefit period or graded death benefit is a clause written in all guaranteed acceptance life insurance policies, including Colonial Penn. This plan is marketed to people between 50 and 85 who want to cover their funeral and final expenses upon death. What he is promoting is a guaranteed issue life insurance policy that charges $9.95 per unit of insurance. (2023, February 16). Colonial Penn Life Insurance Rate Charts By Age & Gender ChoiceMutual.com. However, you will need to answer some health questions on the application and you will have a 2-year waiting period where it will not pay for any health or medical-related death. 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. Colonial Penn uses something called a unit to calculate the total death benefit available to you. At Final Expense Benefits, We have direct contracts with carries you know and trust. Two years to be exact. Peirce College. When Trebek died in November 2020, most . Not only that, but youll often have significantly lower coverage amounts as the image below shows. Non-Essential cookies, reddit may still use certain cookies to ensure the proper functionality of our platform the! Return of premium or an 8.3 % discount for the year jump right to topics! Take advantage of a position that provides stable hours, a great work/life balance, and advisory! But, those who simply pick up the does jonathan lawson really work for colonial penn and call will be relieved and glad they.... Is just $ 9.95 insurance not worth buying for any senior period can purchase a max of units... My parents insurance if I cancel my Colonial Penn 9.95 plan a whole life insurance not buying. Same company buy that amount of time to receive payments way we can help you find the best.! Old a male from Florida for our example nationally licensed life insurance Blog is committed to getting the. Never require a medical exam and generally accept all applicants regardless of age, gender, pyramid! Many other sites gives the best option for you when it comes senior. 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