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colonial penn com prices

**Colonial Penn Life Insurance Prices: A Comprehensive Overview**

When it comes to life insurance coverage, affordability is a key consideration for many individuals, especially those in their later years. Colonial Penn, a well-known insurance provider, offers a range of coverage options that cater to the needs of individuals aged 50 to 85. The company's pricing structure has garnered significant attention, with options starting as low as $9.95 a month. In this article, we'll delve into the details of Colonial Penn's pricing based on information from recent Google search results.

One of the standout features of Colonial Penn's offerings is their guaranteed acceptance whole life insurance policy. This policy is available to individuals between the ages of 50 and 85 in most states. The coverage options begin at an attractive price point of $9.95 a month. This option aims to ease the financial burden associated with end-of-life expenses, providing policyholders with a level of financial security.

Choice Mutual, a reputable insurance resource, confirms that Colonial Penn's guaranteed issue life insurance policy, often referred to as the "995 plan," indeed costs only $9.95 per month per unit. This cost-effective pricing structure is designed to accommodate various needs and budgets. For those interested in more coverage, the ability to purchase multiple units is available.

According to NerdWallet's comprehensive review, each unit within Colonial Penn's policy costs $9.95 per month, and individuals can purchase up to 15 units. This structure enables policyholders to tailor their coverage to suit their specific requirements. The coverage amount remains locked in and does not fluctuate over time, providing a stable financial foundation.

The Annuity Expert highlights a practical example: a 68-year-old male can obtain $792 in life insurance coverage by purchasing a single unit for $9.95 a month. This showcases the affordability of Colonial Penn's offerings, making it an enticing option for those seeking cost-effective life insurance solutions.

It's important to note that while the $9.95 per month price point is appealing, coverage limits should also be considered. For instance, Final Expense Direct points out that if someone is seeking higher coverage, they may need to explore other options, as there is a maximum number of units available within the policy.

PinnacleQuote presents an interesting perspective, comparing Colonial Penn's offerings with competitors. While Colonial Penn offers a $9.95 plan, competitors may provide higher coverage amounts for a similar price. This illustrates the importance of evaluating coverage amounts alongside pricing when making an informed decision.

In conclusion, Colonial Penn's life insurance prices have garnered attention due to their affordability and accessibility for individuals in the 50 to 85 age group. With options starting as low as $9.95 a month, the company's guaranteed acceptance whole life insurance policy provides a viable solution to address end-of-life expenses. However, it's essential to consider coverage limits and compare offerings from other providers to ensure that the chosen policy aligns with individual needs and financial goals. Always remember to conduct thorough research and consult with insurance experts before making a final decision.