Why do females receive more in coverage per unit of insurance?įemales are more likely to live longer than males, statistically-speaking. This type of policy does not require a medical exam or health questions, which makes it an attractive option for seniors who may have difficulty qualifying for traditional life insurance coverage. The death benefit of the policy is typically $10,000, but this varies depending on the age and gender of the applicant. The 995 plan from Colonial Penn is a life insurance policy that can be used to cover final expenses, such as funeral costs. What kind of coverage do you get for 995 at Colonial Penn? That amount may not even cover that final bill for you funeral. The most coverage you can secure is $10,752. Here’s what we mean – let’s say, for example, you a 65 year old male. More often than not, this means you may not be able to secure your desired about of coverage even if you buy the maximum amount of units. ![]() What is the maximum number of units an individual can buy? The value of each unit is determined by how old you are and whether you are male or female.įor example, consider the following dollar amounts of coverage per unit: What does Colonial Penn give you for $9.95 a month?įor $9.95 a month, Colonial Penn grants you a unit of insurance. Here, we will cover frequently asked questions about Colonial Penn’s 995 Plan and their important answers. FAQs in Relation to Colonial Penn 995 Plan The Colonial Penn 995 Plan is a life insurance policy for people between the ages of 50 – 85. Key Takeaway: The Colonial Penn 995 Plan is a life insurance policy for people over the age of 50 who are employed full-time. You are now covered by the Colonial Penn 995 Plan. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |