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Final Expense for Dummies

Be yourself; Everyone else is already taken.

— Oscar Wilde.

HOW DOES FINAL EXPENSE INSURANCE WORK?

Like most life insurance policies, beneficiaries will receive a death benefit when someone passes. For a final expense insurance policy, the benefit amounts are generally lower and are designed to cover the funeral and burial expenses. 

A person, however, might have outstanding debt or anticipate they will leave medical bills behind. In this case, they should plan for coverage amounts to pay off these debts. This should not be confused with long term care, i.e. while someone is still alive.

Coverage amounts range from $2,000-$5,000 (depending on carrier) up to $35,000-$100,00 (depending on carrier), although the higher the benefit payout the higher the premium. Upon passing, either accidental death, terminal illness or natural causes the beneficiary will receive the benefit, so that they can pay off of those remaining obligations. In most cases, beneficiaries are family members.

Final Expense Info.

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Colonial Penn Life Insurance Review 2019

How Much are Colonial Penn life insurance policies? Are they really only $9.95 per month?

Colonial Penn Life Insurance Review

If you are looking for answers about Colonial Penn burial insurance, final expense insurance or life insurance, welcome to our blog and we can proudly say you have found the right place too look.

Everything you could possibly want or need to know about Colonial Penn Life insurance you will find right here. Information about Colonial Penn rates, policies and little known facts and nuggets of incredibly valuable information.

Colonial Penn Table of Contents

Colonial Penn Final Expense Whole Life Policies
What Is The Colonial Penn “Rate Lock Guarantee”?
Who Should Buy Colonial Penn
Who Should Not Buy Colonial Penn
Policy #1: Guaranteed Acceptance With No Health Questions
Policy #2: Colonial Penn Whole Life Insurance That Has Health Questions
Policy #3: Colonial Penn Term Policies, Expires At A Certain Age
What Is A Colonial Penn Unit?
Cheapest, Lowest Priced and Most Affordable Final Expense & Burial Insurance

Colonial Penn Life Insurance Life Insurance For Seniors

When you see a Colonial Penn commercial, three things are constant;

  • Policies that are $9.95 per month, or start at $9.95 per month
  • Policies are Rate Lock Guaranteed
  • Policies that are Guaranteed Issue

How Much is Colonial Penn? Colonial Penn Life Insurance Review

How much does Colonial Penn really cost? Is Colonial Penn insurance any good? Do you have any other questions about Colonial Penn Life insurance that you are curious about?

If you are looking for answers about Colonial Penn final expense insurance, you came to the right place! Welcome to Affordable Final Expense.

Everything you could want or need to know about Colonial Penn Life insurance in one article and one review. We will share you with you information about Colonial Penn Rates, Policies, Video Examples and some little known facts and nuggets of incredibly valuable information.

Colonial Penn has an AM Best A- rating, which puts them in the top 10-20% of insurance companies (for comparison, Mutual of Omaha is A+ rated and is in the top 1%).

Colonial Penn Table of Contents

  1. Colonial Penn Final Expense Whole Life Policies
  2. What Is The Colonial Penn “Rate Lock Guarantee”?
  3. Who Should Buy Colonial Penn
  4. Who Should Not Buy Colonial Penn
  5. Policy #1: Guaranteed Acceptance With No Health Questions
  6. Policy #2: Colonial Penn Whole Life Insurance That Has Health Questions
  7. Policy #3: Colonial Penn Term Policies, Expires At A Certain Age
  8. What Is A Colonial Penn Unit?
  9. Cheapest, Lowest Priced and Most Affordable Final Expense & Burial Insurance

Colonial Penn Life Insurance Final Expense and Whole Life Insurance For Seniors

When you see a Colonial Penn commercial, three things are constant;

  • Policies that are $9.95 per month, or start at $9.95 per month
  • Policies are Rate Lock Guaranteed
  • Policies that are Guaranteed Issue

As someone that adores Alex Trebek, I get goo-goo eyes when I watch this video. Alex Trebek was my favorite show host when I was a teenager, he makes me feel confident.

As a professional in the insurance industry, I get a totally different feeling when I see commercials like this.

“Guaranteed acceptance, no medical exams, no health questions and this plan has a guaranteed lifetime rate lock.”

Click here to read full article, The Ultimate Colonial Penn 2019 Life Insurance Review.

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