![]() In the case of accidental death, the full death benefit is always paid. During this time, if the insured dies of natural causes, the beneficiaries receive only a return of the premiums paid (plus a small amount of interest). This plan has a two-year waiting period before the full death benefit is payable. This plan does not require a medical exam or health questionnaire, guaranteeing approval for anyone who fits the age eligibility criteria. For example, a 50-year-old woman can get up to $2,000 of coverage, while an 85-year-old man will get approximately $400 of insurance. The amount of coverage the $9.95 plan offers depends on your gender and age (the plan is available to individuals 50 to 85). Guaranteed Acceptance Life Insurance (The $9.95 Plan)Ĭolonial Penn’s $9.95 life insurance plan is designed for individuals who may have difficulty obtaining traditional life insurance coverage due to health issues. However, coverage amounts are limited, and premiums may be higher than those of the simplified issue policy. These policies cover the policyholder’s entire life and accumulate cash value over time.Ĭolonial Penn also offers a guaranteed issue whole life policy, which does not require a medical exam or health questions. What do consumers say about Colonial Penn’s claims process?Ĭolonial Penn and other companies offer seniors whole life insurance policies.What is Colonial Penn’s financial strength rating?.How does Colonial Penn’s claims process work?.What is the age range for Colonial Penn’s life insurance policies?.What are the coverage amounts for Colonial Penn’s life insurance policies?.What types of life insurance does Colonial Penn offer?.How to Apply for Colonial Penn Life Insurance. ![]()
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