Colonial Penn Life Insurance Rates By Age Chart
Understanding Colonial Penn Life Insurance
Colonial Penn Life Insurance is a well-known insurer that offers a range of life insurance products for people of all ages. They offer guaranteed acceptance policies, which means that you don't have to undergo a medical exam or answer any health questions. This is great for people who have pre-existing medical conditions or who are older and may have difficulty qualifying for traditional life insurance policies.
Factors That Affect Life Insurance Rates
When it comes to life insurance rates, there are several factors that can affect how much you pay. These include your age, gender, health, and lifestyle habits like smoking and drinking. The older you are, the more you can expect to pay for life insurance. Women typically pay less than men because they tend to live longer and have lower risk factors.
Colonial Penn's Life Insurance Rates by Age Chart
Colonial Penn offers guaranteed acceptance life insurance policies for people between the ages of 50 and 85. The rates for these policies vary depending on your age and the amount of coverage you want. Here is a breakdown of their rates by age:
Age 50-54: $9.95 - $49.75 per month
Age 55-59: $12.95 - $64.75 per month
Age 60-64: $17.95 - $89.75 per month
Age 65-69: $23.95 - $119.75 per month
Age 70-74: $32.95 - $164.75 per month
Age 75-79: $45.95 - $229.75 per month
Age 80-85: $67.95 - $339.75 per month
How to Apply for Colonial Penn Life Insurance
If you're interested in applying for Colonial Penn Life Insurance, you can do so online or over the phone. The application process is simple and straightforward. You'll need to provide some basic information about yourself, such as your name, age, and address. You'll also need to choose the amount of coverage you want and how often you'd like to pay your premiums.
Benefits of Colonial Penn Life Insurance
There are several benefits to choosing Colonial Penn Life Insurance. First and foremost, their guaranteed acceptance policies make it easy for anyone to get coverage, regardless of their age or health status. Additionally, their policies are affordable and flexible, so you can choose the coverage and payment options that work best for your budget and lifestyle. Finally, Colonial Penn has a reputation for excellent customer service, so you can feel confident that you'll be well taken care of if you ever need to file a claim.
Conclusion
If you're looking for affordable and flexible life insurance coverage, Colonial Penn may be a great option for you. Their guaranteed acceptance policies make it easy for anyone to get coverage, regardless of their age or health status. And with their reputation for excellent customer service, you can feel confident that you'll be well taken care of if you ever need to file a claim. Use the Colonial Penn life insurance rates by age chart to determine how much you can expect to pay for coverage, and then apply online or over the phone to get started.