Quick Answer: How Much Life Insurance For 9.95 A Month?

The Colonial Penn life insurance for $9.95 per month is a guaranteed acceptance whole life policy with a 2-year waiting period. Everyone pays $9.95 per unit (max of 12 units).

What is a unit?

AGE 1 Male Unit ($9.95) 1 Female Unit ($9.95)
84 $420 in coverage $503 in coverage
85 $418 in coverage $477 in coverage

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How much life insurance can you get for 9.95 a month?

For a 68 year-old-male, 1 unit at $9.95 a month qualifies you for a total of $792 in life insurance coverage.

How much coverage is the $9.95 plan?

With this plan, you can receive a coverage maximum of $50,000, and it is available to anyone between the ages of 18 and 75.

How much is a unit of life insurance?

In a life insurance policy, a unit of insurance is equal to $1,000 worth of coverage.

How much is the Colonial Penn 995 plan?

Colonial Penn 995 plan (guaranteed acceptance) The Colonial Penn life insurance for $9.95 per month is a guaranteed acceptance whole life policy with a 2-year waiting period. Everyone pays $9.95 per unit (max of 12 units).

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How much coverage is a unit at Colonial Penn?

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.

Does Jonathan Lawson really work for Colonial Penn?

Jonathan Lawson served in the Marine Corps and earned his college degree while working full time at Colonial Penn. 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.

How do I cancel my Colonial Penn Life Insurance?

Cancellation Policy To cancel your policy, contact Colonial Penn’s customer service team by calling 800-523-9100. With Colonial Penn, you have 30 days to cancel your policy after enrolling.

How much does open care cost?

Opencare says they offer coverage that starts at $7.49 per month. While that’s true, most applicants pay much more. They offer insurance from $2,000-$50,000 with no medical exam. Your exact will rate depends on your age, gender, and health.

What is difference between whole life and term life insurance?

Two of the most common types of life insurance are term life vs. whole life. Both term life and whole life provide a death benefit for the beneficiaries you choose, but whole life is a type of permanent policy with a savings component, while term life is only in force for the period of time that you choose.

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What is a good price for 100000 life insurance?

How Much Does A $100,000 Life Insurance Policy Cost? A $100,000 life insurance policy costs around $9.25 for a 36 year old woman in excellent health looking at a 10 year term and $11.08 per month for a male in excellent health looking for the same coverage.

Is 100000 a good amount for life insurance?

A $100,000 life insurance policy is probably not enough coverage for most people, but it is a fair amount of money that will go a long away in helping your family in case you, or the person being insured, dies.

Will life insurance pay for suicidal death?

Life insurance policies will usually cover suicidal death so long as the policy was purchased at least two to three years before the insured died. There are few exceptions because after this waiting period, a life insurance policy’s suicide clause and contestability clause expire.

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