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What are negatives with a Colonial Penn life insurance?
Cons Explained Few policy types available: Colonial Penns life insurance offerings are limited to two types of whole-life policies: a low-coverage traditional whole-life policy and a guaranteed-issue policy. Low maximum coverage amount: Colonial Penns traditional whole life policy coverage is capped at $50,000.
What is the Colonial Penn customer service number?
(800) 523-9100 Colonial Penn / Customer service
What does Colonial Penn give you for $9.95 a month?
The companys guaranteed-acceptance policy has a graded death benefit. This means that if you die during the first two years of the policy, the beneficiary will receive the premiums paid for the policy plus 7% interest compounded annually.
How much insurance do you get for $9.95 a month?
If you need assistance, call our Customer Service at 1-800-523-9100.
Is Colonial Penn life insurance legit?
Your coverage will heavily depend on your age and gender. The older you are, the less coverage youll get. For example, if youre a 50-year-old male, $9.95 will only get you $1,669 of life insurance, but if youre a 70-year-old male, youll get $689 for the same price.
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