At Colonial Penn®, we believe in protecting your loved ones. That’s why we offer whole life insurance plans with coverage options starting at $9.95.*

What is the $9.95 plan?

The “$9.95 plan” is Colonial Penn’s guaranteed acceptance whole life insurance policy featuring coverage options that start at $9.95 per month.* You cannot be turned down for this plan because of poor health if you are between the ages of 50 and 85 in most states.**

Guaranteed acceptance whole life insurance is a type of permanent coverage that will remain in force for as long as you are up to date on your premiums. Your policy will not be canceled or the death benefit will not be reduced for the lifetime of the policy.***

How much insurance do you get for $9.95 a month?

Our guaranteed acceptance whole life insurance benefits are measured in units. Each unit represents a flat amount of death benefits available for purchase depending on your age, gender and state. You may purchase up to 25 units of life insurance to accumulate the right amount of coverage for your individual needs and take advantage of our flexible payment options to pay your premiums monthly, quarterly, semi annually or annually.

Plus, your premium will not increase over time.*** Our guaranteed acceptance whole life insurance plans come with fixed rates that are locked in for the duration of the policy regardless of any changes to your health.***

And after one year, your policy will begin to accumulate a cash value that may be borrowed against as you need to.

Is this a good plan for me?

This plan is idea for:

- Those who have been denied whole life insurance because of a pre-existing condition.

- People looking to provide their family with protection against end of life medical care, funeral costs, outstanding debts and more. 

- Anyone wishing to leave behind a cash inheritance to a loved one.

The Colonial Penn guaranteed acceptance whole life insurance plan with coverage options starting at $9.95 is designed for those looking for a simple and quick way to help protect your loved ones.* 

How do I apply for a $9.95 plan?

Just enter some basic information online for a fast and free quote or call  1-855-390-3722 to speak to one of our licensed insurance agents today. An application takes only minutes and you’ll have 30 days to cancel for a full refund once approved. 

About Colonial Penn

Colonial Penn was founded by philanthropist and AARP co founder, Leonard Davis. Colonial Penn is owned by the CNO Financial Group and headquartered in Philadelphia.

We’ve been providing life insurance directly to consumers like you for more than 60 years. In 1968, we became one of the first to offer guaranteed acceptance whole life insurance exclusively for those over 50.

Colonial Penn maintains an A (Excellent) rating from AM Best, the global rating agency for the insurance industry. We have over 810,000 life insurance policies in force worth more than $3.6 billion.¹