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This is just 1 of the many reasons why colonial penn whole life insurance reviews are so poor. ( Here are some other brands to stay away from if you are looking for burial insurance Opencare, Globe, Trustage, National Family, AARP and AAA.) The pricing may be better than their Colonial Penn 995 plan which is a Guaranteed Issue policy but it is still more expensive than what you can find in other places. Now, these rates vary by age and gender but we have seen units between $450 to $1,000 so what this really means is that if a unit of insurance for you equals $1,000 then you will be paying $99.5 a month for only $10,000 worth of coverage and have a 2-year waiting period!įurthermore, qualifying for their whole life day one coverage policy is extremely difficult. The Colonial Penn 995 plan is actually per unit of insurance. Their policies are not actually $9.95 a month. Now here’s the problem, both of their whole life insurance products are much more expensive than most other life insurance policies on the market. Yes, they do, They have their Guaranteed Issue Whole Life policy, a Whole Life Policy with day one coverage, and a Term Life Insurance Policy. Does Colonial Penn have Whole Life Insurance? These are both whole life final expense insurance. One is a guaranteed issue policy with a waiting period and the other is a simplified issue policy with no waiting period.

Yes, Colonial Penn offer’s 2 different types of burial insurance. Colonial Penn Final Expense Riders Compared to Other Companiesĭoes Colonial Penn offer Burial Insurance?.Colonial Penn Life Insurance Burial Marketing.Colonial Penn Negative Reviews from Customers.Colonial Penn Life Insurance Reviews on Trust Pilot.Colonial Penn Third Party Financial Ratings.Pros and Cons of Colonial Penn Insurance.How Much is a Unit of Coverage With Colonial Penn.What is The Waiting Period for Colonial Penn 995 Plan?.What is the catch on Colonial Penn 995 plan?.Colonial Penn Life Insurance Rate Chart.