How much insurance do you get from Colonial Penn for 995 a month?

How much insurance do you get from Colonial Penn for 995 a month?

You call Colonial Penn to get a quote for $15,000 in coverage and they tell you they can’t do that– you have to buy units. For a 68 year-old-male, 1 unit at $9.95 a month qualifies you for a total of $792 in life insurance coverage. Yes, $792 per $9.95 each month for one unit.

Is Pan-American Health Insurance Good?

Pan-American has an A (Excellent) rating from AM Best, the credit rating agency that evaluates insurance companies. 2 A high rating from AM Best indicates that the company is financially sound.

What kind of insurance is Pan-American life?

Pan-American Life Insurance Group (PALIG) is a leading provider of life, accident and health insurance.

How much coverage is the $9.95 plan?

With this plan, you can receive a coverage maximum of $50,000, and it is available to anyone between the ages of 18 and 75.

How much is a unit of Colonial Penn Life Insurance worth?

How much is a unit of Colonial Penn life insurance? One unit of Colonial Penn Life insurance costs $9.95 per month regardless of your age or gender.

Is Colonial Life and Colonial Penn the same company?

Is Colonial Life and Colonial Penn the same insurance company? No. Colonial Life provides a range of life, and supplemental coverage plans to benefit the employees.

What is PanaMed?

PanaMed is a limited benefit indemnity plan that pays a clearly defined, fixed amounts to help you cover the cost of common medical services, such as doctor’s office visits, hospitalization, intensive care, accidents, and much more.

What is a 2 year limited benefit period?

Limited benefit clause basically states that your life insurance policy will have to be in force for two years before paying for death due to a natural cause. After the two years limited benefit period, the 100% face amount will be paid for death from any cause.

What is the 995 plan from Colonial Penn?

The 995 plan is a Colonial Penn’s Guaranteed Acceptance Policy. When you choose Colonial Penn’s Guaranteed Acceptance Program, all you need to provide is your age, gender, and location. In fact, no health questions and no medical exam!