For Burial policy? Funeral Funds is licensed in all 50 states to help individuals and families qualify for the lowest priced coverage with 1st-day coverage options. Colonial Life is not a scam, insurance MLM, or pyramid scheme. He has been a featured life insurance source for prestigious websites such as Forbes, Bloomberg, MarketWatch, Nerdwallet, and many more. Will my car insurance premium go up if I make a claim? Everyone wants to buy from a top 10 life insurance company. For a 68 year-old-male, 1 unit at $9.95 a month qualifies you for a total of $792 in life insurance coverage. If you love your family and are concerned about having them deal with a hassle free insurance payout, DON't use Colonial Penn! Colonial Penn and Colonial life are not the same company. " Colonial Penn Coverage options start at $9.95 a month, less than 35 cents a day, and the rate is locked in for life! Consent isnt a condition to purchase our products. Be sure you fully understand the limited benefit period before you buy a Colonial Penn policy. It isnt a scam. He was born on June 3, 1980. You can only receive a refund on premiums paid if you cancel your policy within the first 30 days. After all, Jonathan Lawson (the actor in their ads) proclaims loud and proud that it costs just $9.95. How Does The Johnathan Lawson Colonial Penn Life Insurance Plan Work? Join our team to enjoy . The Colonial Penn $9.95 policy is a guaranteed acceptance life insurance policy with a monthly cost of $9.95 PER UNIT of coverage (often only between $400-$1,000 depending on your age). Has a guaranteed approval product. and our What he is promoting is a guaranteed issue life insurance policy that charges $9.95 per unit of insurance. He graduated high school in 1998 and spent the following 14 years as an infantryman in the Marine Corps where he not only served in combat, but also was a Master Instructor at the Marine Corps University. Colonial Penn has the power to sell its life insurance product through massive advertising, but it does not offer the best value in life insurance. If you choose to pay annually, you will get one months worth of premium or an 8.3% discount for the year. seniors. Their burial insurance for senior citizens accepts applicants who have diabetes, past heart attacks or stroke, and many other conditions common among seniors. This is always a good idea because you dont have to spend the payout on a funeral if this is unnecessary, making this a very versatile policy. Colonial Penn guaranteed acceptance program The minimum value of a unit of coverage is approximately $400 and the maximum is approximately $2,100, meaning the maximum death benefit you can select is around $16,800. Jeff Root is a nationally licensed life insurance expert with over 15 years of experience. As a paid spokesperson for Colonial Penn life insurance, Jonathan Lawson talks about the company's Guaranteed Acceptance plans. Below is a rate chart table that shows the total monthly cost youd pay based on how many units you buy. Your age and gender determine how much you pay each month. The Colonial Penn guaranteed acceptance plan is a whole life policy with no health questions. Terms Of Use ChoiceMutual.com. To see pricing on policies and speak with one of our agents fill out the form to your right. View the profiles of people named Jonathan Lawson. Below is a chart that estimates the cost of $10,000 of coverage. Fill our the form and well contact you shortly. 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. Can I cancel my Colonial Penn policy at any time? We broke down a quick example below for a 65 year old man shopping for life insurance. It caters to people who don't know that they aren't covered in the first two years, There are many other companies that are better and cheaper to use. That unit is $717 of coverage. Immediate protection for Accidental Death. It has a two-year waiting period on all new policies and maximum coverage of $16,664. Does Jonathan Lawson really work for Colonial Penn? A 55-year-old woman would get $15,072 in coverage for 8 units, while a 60-year-old woman would only get $12,968 in coverage for 8 units. Gerber Life, AIG, Mutual of Omaha.they all have rate locks. We also recommend these top 3 companies: If you have any questions about Colonial Penn or any other company, please contact us. Do I get money back if I cancel my Colonial Penn life insurance? Still confused about the limited benefit period? You flip to a channel and find yourself watching a Colonial Penn 995 plan commercial with paid spokesman Jonathan Lawson. There are no medical exams and every applicant pays the same rates regardless of age, gender, or pre-existing conditions. As you can see, our John Doe example can purchase$8,000 in coverage for less than $68. He was born on March 27 . Does Jonathan Lawson really work for . Jonathan Lawson was born June 3rd 1980 in Dunedin, Florida. They very likely could be your best option. With Colonial Penn, everyone pays just $9.95 per month for a single unit of coverage. If the death benefit limitation for the first two years is The older you get, the less coverage a unit provides for you. Jonathan Lawson's Career with Colonial Penn. How much is a unit of Colonial Penn life insurance? If you look at the picture above, do you notice the Coverage options start at? Customers and their beneficiaries should be aware of the Colonial Penn limited death benefit for the first two years. If you want to provide your family with financial security when you The Colonial Penn 9.95 plan is a whole life policy. Its also important to note the 223 complaints from the Better Business Bureau over the last three years. Unfortunately, their prices, products and options can often be beat by the competition. Avoid Colonial Penn. Is there any way to speed up the waiting period with Colonial Penn? A guaranteed acceptance life insurance from Colonial Penn can be purchased between the ages of 50 and 85, and the death benefit is limited for the first 24 months of coverage. (Dallas, TX Area), Office HoursMonday-Friday9:00 AM-5:00 PM CTL, Privacy Policy friends by his side. You want $10,000 of coverage to take care of your funeral expenses. We will never sell or share your info with anybody. Everyone, regardless of their pre-existing conditions, is guaranteed approval. Additionally, now that you know that Colonial Penn guaranteed acceptance policy has a limited death benefit period, you can now ask more specific questions about it as you shop for plans so that when you finally make your decision, it will surely fit your needs. Jonathan Lawson first started working at Colonial Penn in 2014. What do you know about: Colonial Penn offers flexible payment options. Two years to be exact. No, you do not have to take a medical exam for Colonial Penn 9.95. He served in the MArine Corps early on and then went to work for Colonial Penn full time. These complaints are mainly issues from beneficiaries that have not received death benefits or, waiting an extended amount of time to receive payments. Here is our review of the Top Final Expense Companies in the market. How much insurance is in a unit of Colonial Penn? The Colonial Penn coverage chart below outlines how much life insurance you get from a single coverage unit. A single unit always costs $9.95 whether you are young or old, male or female, smoker or not. Will Colonial Penn or some other company like Aetna, Americo or Cigna Life get you the best deal? In our example above, the maximum amount of coverage that a man age 65 can purchase without any health questions was $7,456. Once approved for coverage, your premium gets locked in at your current age. With Fidelity Life, you can qualify for RAPIDecision Life up to age 65, with coverage amounts of up to $1 million. The premiums become locked in for life and the death benefit will never decrease. With Colonial Penn, the amount of coverage that the unit provides. Paying celebrities like Ed McMahon and Alex Trebek to be your spokesman isnt cheap. How much coverage you get for a unit of coverage varies depending on your age and gender. A list of the top final expense insurance companies in the nation and which popular companies to avoid. how much is jonathan lawson from colonial penn worth. NOTE: you wont find a limited or graded benefit in other life insurance products such as term or whole life plans. This is true of all other companies we work with at Funeral Funds. It is Colonial Penn's guaranteed acceptance plan. Complete the calculator details as accurately as possible, and be absolutely sure your contact information is correct so we can reach you. He has personally helped more than 1500 clients buy life insurance. But what you might not know is, how much this plan provides your family. Do Colonial Penn whole life policies increase in value? Well help you find the best company you can qualify for. Licenses. We will work with you every step to find the plan that fits your financial requirements and budget. This means that it will stay in effect until you die, as long as premiums are paid on time. Colonial Penn Final Expense Insuranceexists like a whole life insurance policy, although tailored specifically for funeral expenses. What is Colonial Penn guaranteed acceptance program? We work with many A+ rated insurance carriers that specialize in covering healthy or high-risk clients like you. Those marketing costs get passed down to the consumer. This plan is marketed to people between 50 and 85 who want to cover their funeral and final expenses upon death. victim of crime, or vehicular accident during the first two years, Colonial The minimum age to apply for Colonial Penn is 50 years old. We do earn a commission from the sale of insurance products seen on this website. Learn more about our editorial standards. David Duford is a nationally licensed insurance expert with over ten years of experience. This comes with a catch. You pay $9.95 per unit and you can buy up to 12 units. The rates displayed are based on information provided by the insurance companies. Why would Colonial Penn offer life insurance shoppers this odd coverage amount? For example, say one unit of coverage provides a $1,621 death benefit for a 60-year-old woman. Our review of the Colonial Penn life insurance company will cover everything you need to know about them, their products, rates, and their confusing Unit pricing. After all, Jonathan Lawson (the actor in their ads) proclaims loud and proud that it costs just $9.95. He was in the USA marine corps for 14 years and served in . However, Colonial Penn's $9.95 plan comes with a two-year waiting period. One unit of Colonial Penn Life Insurance is $9.95, regardless of your age and gender. All content is regularly updated and reviewed to ensure the highest degree of accuracy. May 18, 2020. Does Colonial Penn 9.95 have a waiting period? With Colonial Penn you can purchase: Colonial Penn offers shoppers a renewable term policy. He also runs one of the largest Youtube channels to help aspiring insurance agents serve their clients better. You can look at Colonial Penn life insurance reviews on BBB (Better Business Bureau) and many other sites. . Remember, you can purchase a max of 12 units. Click our free quote button on the right to get a free quote. Who Is Jonathan Lawson Of Colonial Penn? No health questions and physical or medical exams are required to qualify for this plan. back to you. It's a guaranteed acceptance whole life insurance policy that does not require you to answer health questions. With Colonial Penn, $9.95 a month would actually cost you about $138 per month. Most of them are not aware of the two years waiting period. A guaranteed acceptance policy is a policy of last resort. Explore Careers in Atlanta, GA. Telesales Agent Opportunities. What is the payout for a Colonial Penn policy? A unit of Colonial Penn life insurance is $9.95 and offers maximum coverage of $16,664 (but this will be extremely expensive as you have to add up multiple units to get that much coverage). He also worked for 3 years as an artist manager for musicians and studied . Not Colonial Penn. A 75-year-old female gets $762 of coverage from one unit. Simplified issue life insurance Simplified whole life, or permanent, insurance policies of up to $50,000 are available for consumers up to age 75 without a medical exam or lab tests. Published. As the ad finishes up, you notice that for just $9.95 per month (less than 35 cents/day! Can I get life insurance from Colonial Penn if Im not a U.S. citizen? Price, price and price. Whats important here is that we focus on the fine print in the commercial and not the three Ps. Be sure to read our other articles on life insurance brands that are BAD here:Open Care Final Expense Plans, AARP, Globe, AAA, Trustage, National Family, American Senior, Ethos, Life Insurance Savings Group, Lincoln Heritage. If you are healthy, dont be fooled by the price that is being offered. 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