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Guaranteed AcceptanceLife Insurance. We offer Guaranteed acceptance whole life insurance for those ages 50-85 (in most states) with options starting at $9.95 a month— ease the burden of final expenses and get back to living life on your terms.
The 9.95 plan is a guaranteed acceptance life insurance policy that does not require you to take a medical exam or answer health questions. Colonial Penn sells the $9.95 plan using a unit system. Everyone, regardless of age or gender, pays just $9.95 monthly for one unit.
For less than 35 cents a day, help ease the burden of final expenses with $9.95 insurance. Get Guaranteed Acceptance Life Insurance with locked-in premiums starting at $9.95 a month. No medical exam, health questions or physical. Flexible payment options, such as monthly or yearly.
The Colonial Penn guaranteed issue life insurance policy (995 plan) costs only $9.95 monthly per unit. If you want more than one unit, you will multiply $9.95 by the number of units you’d like, yielding the total monthly cost.
Multiple units can be purchased to help build a larger death benefit. Our most popular coverage option is for those age 50-85 (in most states). Guaranteed acceptance means you can’t be turned down for any health reason. Locked-in premium rates start at $9.95 a month.
Pros and cons of Colonial Penn Life Insurance’s $9.95 plan. Pros: The plan is suitable for seniors because seniors up to age 85 can apply without a medical exam (e.g. it’s a guaranteed acceptance life insurance option). Colonial Penn has a strong financial rating (A – A.M. Best rating) and offers coverage in all states.
Colonial Penn’s life insurance is an option if you’ve got severe health conditions but be aware of its high level of complaints.
$9.95 a month gets you one life insurance unit with Colonial Penn. The problem is that life insurance units have ZERO meaning to your beneficiary, nursing home, funeral home, or anyone other than Colonial Penn.
The Colonial Penn $9.95 plan, also known as the “995 Plan,” is a guaranteed acceptance life insurance policy marketed primarily to seniors aged 50 to 85. This final expense plan is unique in its pricing model, advertising a flat rate of $9.95 per unit of coverage.
A unit of Colonial Penn coverage is the life insurance benefit amount you receive for $9.95 per month. Your age and gender determine the exact amount of insurance coverage a single unit provides. The older you are, the more units you will need to purchase in order to get an adequate death benefit.