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Who took over Colonial Life insurance?

Now a subsidiary of Unum Group, our team of more than 10,000 sales representatives and 1,200 home office professionals serves more than 3.7 million people in over 90,000 companies and organizations.

What does Colonial Penn give you for $9.95 a month?

The Colonial Penn life insurance plan for $9.95 per month is a guaranteed acceptance whole life policy with a waiting period of two years. It offers permanent lifelong coverage with a premium that will never increase and builds cash value. There are no health questions or exams to determine your eligibility.

What is the payout on the 995 plan?

This article will show a simplistic look at 9.95 plan review which is a guaranteed acceptance whole life insurance policy with no medical exam and a maximum death benefit of $50,000. Colonial Penn Life Insurance company products for seniors is NOT one of our top-rated life insurance companies.

Does colonial life have an app?

Does Colonial Life have an app? Policyholders can download the My Colonial Life app by visiting the Apple iTunes store. Users must have Apples iOS 5 software to run the app and must register on the companys policyholder website before using the app.

How much does Colonial Penn pay out?

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.

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What does Colonial Penn give you for $9.95 a month?

The Colonial Penn life insurance plan for $9.95 per month is a guaranteed acceptance whole life policy with a waiting period of two years. It offers permanent lifelong coverage with a premium that will never increase and builds cash value. There are no health questions or exams to determine your eligibility.

How much is a unit of life insurance?

The unit price is what you pay per bucket of coins. Life insurance will commonly price out their death benefit in $1,000 units. So when youre buying a policy with a $250,000 death benefit, what youre really buying is 250 buckets of coins.

Is Colonial Life legit?

Colonial Life has earned a reputation as being one of the most respected insurance companies offering life insurance in the US. The carrier has received high ratings through A.M. Best and the BBB and has demonstrated consistent financial strength.

How much is a unit in Colonial Penn insurance?

How Much Coverage Do You Get From Each $9.95 Unit? Use the calculator below to see exactly how much coverage you get per unit based on age and gender. Please note that Colonial Penns $9.95-per-unit plan is guaranteed acceptance, which means that it comes with a two-year waiting period.

What does $9.95 buy you from Colonial Penn?

The Colonial Penn life insurance plan for $9.95 per month is a guaranteed acceptance whole life policy with a waiting period of two years. It offers permanent lifelong coverage with a premium that will never increase and builds cash value. There are no health questions or exams to determine your eligibility.

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