You’re flipping channels, trying to find something to watch, when an old familiar face comes on the TV.
You reminisce on the days you watched Jeopardy as Alex Trebek’s familiar voice fills your home.
You continue to watch, intrigued, as to what he’s offering.
“For just $9.95 a month…
Less than 35 cents a day…
Benefit never ends…
Premiums won’t go up…”
Maybe he’s selling what I need, you think.
Just what is it that Alex Trebek is selling?
Colonial Penn’s $9.95 a month final expense life insurance.
Well, I could use some life insurance, you think. And for just $9.95 a month?
“I can make that work, Alex,” you tell the TV as you turn up the volume and pay a bit closer attention.
What your old friend isn’t telling you is what’s in the fine print. Colonial Penn offers life insurance sold in a way that most don’t offer - per unit.
And while Colonial Penn wants you to think it is a good deal, it's a lot further from the truth than you think.
AND MORE EXPENSIVE!
Just what is Alex trying to sell you and why don’t you want it?
You have lived long enough to know that if it SOUNDS TOO GOOD TO BE TRUE it probably is.
Find out why the Colonial Penn life insurance for seniors $9.95 a unit policy is not your best option and maybe one of your worst options to prepare for when the good Lord calls you home.
The Problem With The Colonial Penn $9.95 Life Insurance Unit
When you buy life insurance from a reputable life insurance company, you purchase a death benefit, not a life insurance unit. For example, let’s say you want to pay for funeral expenses and final medical bills, so you want coverage for $25,000.
With a life insurance company, you can buy that amount of coverage. With Colonial Penn, you can only buy a unit.
Units are a bit strange because as you get older the amount of death benefit you are entitled to goes down while the price of the units stay the same.
Let’s say you’re a 68-year-old man living in Houston. 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.
They ask for your information to plug into their system to give you a quote:
· Date of birth
· Phone number
· Email address
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. Now, you wanted $15,000 in coverage, right? Unfortunately, the maximum number of units you can purchase through Colonial Penn is 12. This means the maximum a 68-year-old male can purchase is $9,504 in life insurance coverage with a monthly premium of $119.40.
Colonial Penn will be happy to get that coverage in place today without answering any health questions or taking a medical exam. Just complete the application, submit payment, and you think that you are fully covered by the amount you qualified for.
However, in addition to not getting as much coverage as you initially wanted, there are other reasons why these policies aren’t always the best choice; especially for seniors with average health.
Guaranteed Acceptance plans like these have a 2-year waiting period for death by natural causes. Meaning, if you die from an illness or pre-existing health condition during the first two years, you don’t receive your full benefit amount.
What Colonial Penn doesn’t tell you is most seniors will qualify for a plan with day-1 coverage, and with lower pricing from other companies.
Final Express Direct can usually find a policy that costs you less money per month, pays a larger death benefit AND you will be immediately covered in full from day 1! You won’t have to wait two years for your policy to start protecting your family.
What was Alex Trebek thinking?
It Is Important To Understand Guaranteed Issue Colonial Penn Life Insurance
Life insurance coverage without any health or medical questions is called guaranteed issue life insurance because you’re guaranteed coverage no matter what.
Sounds great, right?
But of course there is a catch…
With guaranteed issue life insurance, your beneficiary doesn’t get the full death benefit if you die within the first two years of the policy.
If you’re in congestive heart failure, on oxygen, or terminally ill, it might be ok to gamble that you live the next two years.
But for the vast majority of red blooded God fearing hard working Americans, it’s probably not the best option.
If you die during the first two years of the policy you will only get what is called a graded death benefit, which means Colonial Penn will pay back the premiums you paid, plus interest. That’s it.
So while Alex is willing to sell you some cheap guaranteed issue life insurance, Colonial Life doesn’t want you to know what’s in that fine print.
Lucky for you, we’ve got a much better solution for you.
Call Us Today:
A Better Life Insurance Solution
At Final Expense Direct, we work directly with a long list of life insurance carriers to offer you one product:
Final expense life insurance.
Locked in premiums for life
Benefits that never decrease
No medical exam required
Coverage from some of the best final expense companies
And the best part - the full death benefit is available from day 1! If you purchase a final expense life insurance policy through FED and you die the next day, your beneficiary gets the full death benefit, whether it’s $10,000 or $100,000.
Now, we do ask you a few health questions, which we know Colonial Penn doesn’t do. But the reason we ask those health questions is because it helps us find you the best coverage for the cheapest price.
We won’t be offering you $7,456 in coverage for $79.60 a month.
We think you’re worth more for far less cost each month.
While Colonial Penn mostly wants to deal with you through the mail, we’re available on the phone right now. You don’t have to jump through hoops when you call us either.
Just pick up the phone, dial 1-877-674-0236, and you get through right away to a live person on the other end.
At FED, we have over 35 years of experience working with people just like you, the backbone of America. You’ve worked hard your entire life, and we want you to keep as much money as possible while also getting as much life insurance as you can to protect your family when you're gone.
After you answer a few health questions, we can help you pick the best life insurance plan available. We complete the application right over the phone and get you approved before you hang up.
Just one phone call to Final Expense Direct and you’ll hang up with a whole life insurance policy. You also get accidental death coverage, which means your beneficiary gets paid even more if you die in an accident - which is much more likely to happen if you aren’t terminally ill already.
At Final Expense Direct, we offer more than just life insurance, we offer peace of mind.
While watching Alex Trebek in the Colonial Penn commercials can bring back a bit of nostalgia, don’t fall for that silver foxes well intentioned words.
Instead, speak with a FED agent so we can help you find the best life insurance coverage for your family, and not what Alex Trebek got paid to advertise.
Why pay more when you don’t have to? Answer a few simple health questions to unlock a whole life insurance policy that works for you from the day you buy it.
No gimmicks. No fine print. Just affordable coverage that’s there when you need it most. To protect your family after you’re gone.
Get peace of mind with one phone call to Final Expense Direct today, dial 1-877-674-0236, and you get through right away to a live person on the other end.