Colonial Penn Senior Life Insurance - You're flipping through the channels trying to find something to watch when an old, familiar face comes on the TV.
Turn up the volume, focus a little more, and say, “I can; Alex,” I said to the TV.
Colonial Penn Senior Life Insurance
The fine print is what old friends won't tell you. Colonial Penn offers life insurance that is sold by unit in a way that most do not.
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Colonial Penn would like you to think it's a good deal, but that's a lot further from the truth than you might think.
You've lived long enough to know that if it sounds too good to be true, it probably is.
Find out how Colonial Penn Senior Life Insurance at $9.95 per unit may not be the best choice for you and the worst choice to prepare for when the Lord calls your home.
When you buy life insurance from a reputable life insurance company; You are buying a death benefit, not a life insurance unit. for example, You want to pay for funeral expenses and final medical expenses; So let's say you want $25,000 in coverage.
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You can purchase that amount from the life insurance company. With Colonial Penn, you can only buy one unit.
It's a little weird because as units get older, the amount of death you get decreases while the price of the units stays the same.
Suppose you are a 68-year-old man living in Houston. Colonial Penn calls you to get a valid quote for $15,000 and says they can't do that - you have to buy the units.
For a 68-year-old male, 1 unit at $9.95 per month would net you a total of $792 in life insurance.
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Yes, $792 for $9.95 a month per unit Now you want $15,000 in coverage, right? Unfortunately, The maximum number of units you can purchase through Colonial Penn is 12. That means a 68-year-old man would have $9,504 in life insurance with a monthly premium of $119.40.
Colonial Penn is happy to introduce that coverage today without answering health questions or performing a medical exam. Complete the application and submit the payment and assume full coverage for the amount you qualify for.
However, In addition to not getting as much coverage as you initially wanted. There are reasons why these policies aren't always the best choice. Especially for the elderly with average health.
Such insurance acceptance programs have a 2-year waiting period for natural deaths. This means if you die of an illness or pre-existing medical condition within the first two years. You may not receive the full benefit amount.
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What Colonial Penn doesn't tell you is that most seniors will qualify for a plan with Day 1 coverage and lower rates from other companies.
Final Express Direct can help you find a policy that pays less per month, offers a higher death benefit, and provides full coverage from one day. You don't have to wait two years to start your policy to protect your family.
Because life insurance is guaranteed regardless of health and medical problems, life insurance is guaranteed.
With life insurance issued Your beneficiary will not get the full benefit if you die within the first two years of the policy.
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Note: According to a Penn State University study, 99 percent of all term policies are never claimed. Contact us to make sure your family gets money from your life insurance.
If you have congestive heart failure, If you're on oxygen or sick, it's okay to gamble that you'll live for the next two years.
But for most red-blooded, God-fearing, hard-working Americans; It may not be the best choice.
If you die within the first two years of the policy. You'll only get what's called a graduated death benefit, which means Colonial Penn will return the premiums and interest you paid. that's it.
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So even though Alex is willing to sell you cheap life insurance, he doesn't want you to know what Colonial Life has in the fine print.
At the end of the day, everyone just wants an honest company that will do what they say they do at a fair price.
I think you'll find an attempt to answer these questions in this section of Colonial Penn Life Insurance Reviews.
No one doubted Colonial Penn's ability to pay its demands; They have been around for a long time and are a financially sound company.
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However, their life insurance costs are much higher than the competition. Handsome silver fox Alex Trebek has figured out a way to package it up for you at $9.95 a unit.
Don't be fooled, Colonial life insurance was more expensive; I will call and explain more. Call 1-877-674-0236 and you'll get a live person on the other end right away.
Finally, After reading countless reviews of Colonial Penn Life Insurance; I can tell you that their customer service is not highly rated. In fact, it's probably the biggest complaint of all.
After paying too much for life insurance, your family is fighting for months with that company to get the money that was intended for them after your death?
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Let Final Expense Direct help you find the cheapest final expense insurance for your family today with the best customer service.
The Better Business Bureau is an independent agency that monitors interactions between American companies and American customers like you.
It is a respected organization that allows clients to use a third party to register their feelings about their past experiences.
For these reasons, We at Final Expense Direct highly value the company's BBB rating and their customer reviews.
Colonial Penn Life Insurance Review ($9.95 Per Month Plan)
BBB of Colonial Penn Life Insurance; The reviews on the Better Business Bureau are pretty bad. They show an average customer review score of 6/19/2022. From 5.0 to 1.09.
Greg S. is 05/30/2022. Reviewed Colonial Penn 995 Plan 1 star is very disappointed that they took advantage of his parents and linked them to Alex Trebeck.
Complaints about Colonial Penn Life Insurance customer service continue. Like Sharon B.'s review of 6/13/2022. He said he made numerous calls to customer service to get the life insurance his mother had paid for.
One issue at a time and it's impossible to know what another department is doing. Sharon's Colonial Penn Life Insurance review and complaint is very similar to others.
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But don't believe it, You can do your own research and check out Colonial Penn Life Insurance Reviews here at the Better Business Bureau.
In Final Expense Direct, We work directly with a long list of life insurance providers to provide you with a product that:
The best part - full death benefits are available from day 1. If you buy a limited cost life insurance policy through the Fed and die the next day. Your beneficiary will receive a full death benefit of $10,000 or $100,000.
Now we ask you some health questions that we know Colonial Penn doesn't. But we ask those health questions because it helps you get the best coverage for the cheapest price.
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Although Colonial Penn generally prefers to deal with you by mail; We are currently available by phone. You don't have to jump when you call us.
Just pick up the phone, dial 1-877-674-0236 and you'll be instantly connected to a live person on the other end.
At Fed. We have over 35 years of experience working with people like you, who are the backbone of America. You've worked hard all your life and you want to save as much money as possible for life insurance to protect your family when you're gone.
After answering some health questions, We can help you choose the best life insurance plan possible. We fill out the application directly over the phone and get approval before you hang up.
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Your entire life insurance policy is complete with just one phone call to Final Expense Direct. You also get accidental death cover; This means your benefit is even higher if you die in an accident - which is more likely to happen if you're not sick.
Don't count on the benevolent words of the silver foxes to bring back some nostalgia when seeing Alex Trebek in Colonial Penn ads.
Instead, Talk to a federal agent to find the best life insurance coverage for your family, not just what Alex Trebek advertised.
Why pay more when you don't have to? Answer a few simple health questions to open the right life insurance policy for you from the day you arrive.
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